M&A Deal Summary |
|
|---|---|
| Date | 2019-05-23 |
| Target | CRC Evans |
| Sector | Energy Services and Equipment |
| Buyer(s) | Blue Water Energy |
| Sellers(s) | Heerema Marine Contractors |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| PE ASSETS | 861M USD |
| Size | Middle-Market |
| Type | Sector Focused |
Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 20 of 24 |
| Sector (Energy Services and Equipment) | 12 of 15 |
| Type (Divestiture) | 1 of 2 |
| Country (United Kingdom) | 9 of 11 |
| Year (2019) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-01 |
Edge Energy
Malvern, Pennsylvania, United States Edge Energy is a world-first solution to flaring, venting, and stranded wells. Using the Edge LNG gathering virtual pipeline, LNG is delivered directly to terminals or end-users, including power generators, transport fleets, or remote facilities with high-horsepower applications, as a cleaner diesel alternative. Edge Energy was founded in 2018 and is based in Malvern, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-28 |
Varel Energy Solutions
Houston, Texas, United States Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1948 |
| Sector | Energy Services and Equipment |
Heerema Marine Contractors is a marine contractor in the international offshore oil and gas and renewables industry. Heerema Marine Contractors was founded in 1948 and is based in Leiden, Netherlands.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2019) | 1 of 1 |
