M&A Deal Summary

Crestview Partners and B-29 Investments Acquire Endurance Lift Solution

On November 7, 2014, private equity firm Crestview Partners and family office B-29 Investments acquired energy services and equipment company Endurance Lift Solution

Acquisition Highlights
  • This is Crestview Partners’ 2nd and B-29 Investments’ 1st transaction in the Energy Services and Equipment sector.
  • This is Crestview Partners’ 17th and B-29 Investments’ 1st transaction in the United States.
  • This is Crestview Partners’ 4th and B-29 Investments’ 1st transaction in Texas.

M&A Deal Summary

Date 2014-11-07
Target Endurance Lift Solution
Sector Energy Services and Equipment
Buyer(s) Crestview Partners
B-29 Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Endurance Lift Solution

Fort Worth, Texas, United States
Endurance Lift Solution is a manufacturer, retailer, and distributor of parts and supplies for the oil and gas industry. Endurance Lift Solution was founded in 2014 and is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

Crestview Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crestview Partners is a private equity firm focused on challenging investment situations. Crestview targets opportunities across a broad range of industries, with a special interest in asset management, media, healthcare and financial service companies. The Firm looks to commit $100 to $250 million of equity capital in transactions valued between $500 million and $3 billion. Crestview Partners was formed in 2004 and is based in New York, New York.


DEAL STATS #
Overall 23 of 55
Sector: Energy Services and Equipment M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 14
State: Texas M&A 4 of 6
Country: United States M&A 17 of 44
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-24 Martin Currie Investment Management

Edinburgh, United Kingdom

Martin Currie is a specialist active equity manager. Headquartered in Edinburgh, Scotland, Martin Currie manages approximately ₤10 billion for 175 clients worldwide. Martin Currie’s product offering includes multi-regional and specialist equity portfolios and hedge funds through both segregated mandates and pooled funds. Martin Currie was founded in 1881 and prior to Crestview’s investment was a 100% employee-owned company.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-12 DSS Group

Atlanta, Georgia, United States

DSS Group Inc. is a bottled water and coffee direct-to-consumer services provider in the United States.

Sell $1.3B
DESCRIPTION

B-29 Investments is a family-backed private equity firm focused on investments the energy industry. Specific areas of interest include oilfield services, exploration and production, and midstream infrastructure. The Firm looks to partner with entrepreneurs and seasoned management teams to help them achieve their professional goals while enhancing shareholder value. B-29 does not have a fixed investment horizon and willing to be a provider of a variety of capital solutions, including equity, debt, and mezzanine financing. B-29 Investments was formed in 1997 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1