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  6. Argonaut Private Equity Acquires Tex-Mex Rentals and Services

M&A Deal Summary

Argonaut Private Equity Acquires Tex-Mex Rentals and Services

On January 1, 2018, private equity firm Argonaut Private Equity acquired oil/gas exploration company Tex-Mex Rentals and Services

Acquisition Highlights
  • This is Argonaut Private Equity’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Argonaut Private Equity’s 14th transaction in the United States.
  • This is Argonaut Private Equity’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2018-01-01
Target Tex-Mex Rentals and Services
Sector Oil/Gas Exploration
Buyer(s) Argonaut Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Tex-Mex Rentals and Services

Hobb, New Mexico, United States
Tex-Mex Rentals and Services is a provider of production-oriented oilfield services in the Delaware Basin. The Company’s service offerings include roustabout services, dirt work, hot oilers, trash trailers, water hauling, equipment rental and welding. Tex-Mex Rentals and Services was founded in 2011 and is based in Hobb, New Mexico.

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Buyer(S) 1

Buyer

Argonaut Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Argonaut Private Equity is a private equity firm focused on control investments in entrepreneur and family-owned businesses headquartered in the middle region of the US. The Firm seeks industrial oriented manufacturing, distribution, and service companies with revenue between $20 and $300 million and EBITDA between $5 and $50 million. Argonaut typically commits $15 to $100 million per transaction to support buy-outs, distressed and special situations, growth needs, and divestitures. Argonaut Private Equity was founded in 2002 and is based in Tulsa, Oklahoma.

DEAL STATS #
Overall 14 of 38
Sector: Oil/Gas Exploration M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 22
State: New Mexico M&A 1 of 2
Country: United States M&A 14 of 38
Year: 2018 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Global Client Solutions

Tulsa, Oklahoma, United States

Global Client Solutions is an independent third-party payment processor to the debt settlement industry. The company has provided FDIC insured accounts to more than 1.8 million consumers and to thousands of customers.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 Alkami

Plano, Texas, United States

Alkami provides online and mobile banking solutions for financial institutions in the US. Based in Plano, Texas, the company’s cloud-based digital banking platform delivers unparalleled functionality, security, flexibility, and extensibility with a superior architecture designed for the future of digital banking. With its modern interface, fully hosted business intelligence solution, and customizable feature set, the platform is the ultimate digital banking solution for financial institutions. Alkami was founded in 2009 and is based in Plano, Texas.

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