M&A Deal Summary

Blue Wolf Capital Partners Acquires Petrosmith

On February 12, 2018, private equity firm Blue Wolf Capital Partners acquired manufacturer Petrosmith

Acquisition Highlights
  • This is Blue Wolf Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Blue Wolf Capital Partners’ 19th transaction in the United States.
  • This is Blue Wolf Capital Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2018-02-12
Target Petrosmith
Sector Manufacturing
Buyer(s) Blue Wolf Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Petrosmith

Abilene, Texas, United States
Petrosmith is a manufacturer of broad suite of tanks (including oilfield storage tanks and gunbarrel tanks) and vessels (including heater treaters, separators and vapor recovery towers) used by large E&P companies primarily in the Permian Basin, Eagle Ford and Mid-Continent region. The Company also sells a variety of new and used OCTG and provides a wide array of OCTG refurbishment services. Petrosmith also has state-of-the-art blasting and coating facilities that service the Company’s tank, vessel and OCTG divisions. In addition, the Company provides plug and abandonment services to E&P companies. Petrosmith is headquartered in Abilene, Texas.

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Buyer(S) 1

Buyer

Blue Wolf Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Blue Wolf Capital Partners is a private equity investment firm that targets control investments in middle-market North American companies. Blue Wolf looks to commit at least $25 million of equity capital in businesses with minimum revenues of $50 million. Blue Wolf is a generalist firm with broad interest in service and applied engineering companies, capital equipment manufacturers, general manufacturing, financial services, paper products, and broadcast media. Blue Wolf will also consider distressed situation investments. The Firm does not invest in start-ups. Blue Wolf Capital Partners was formed in 2005 and is located in New York, New York.

DEAL STATS #
Overall 20 of 34
Sector (Manufacturing) 4 of 7
Type (Buyout (LBO, MBO, MBI)) 5 of 12
State (Texas) 2 of 3
Country (United States) 19 of 31
Year (2018) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Mulch & Soil

Fort Myers, Florida, United States

Mulch & Soil is a producer and distributor of mulches, premium planting and potting soils, decorative bark, other ground cover products, and complimentary landscape products and supplies in the Florida market. TM&SC operates four manufacturing and distribution facilities, which serve a diverse mix of lawn and garden retailers, commercial landscapers, and mulch installers. Mulch & Soil was founded in 2018 and is based in Fort Myers, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 State Group

Franklin, Tennessee, United States

State Group is a multi-trade industrial and specialty services contractor that provides comprehensive electrical and mechanical trade services to Fortune 100 companies in the power generation, automotive, oil and gas, communications, metals and transportation industries. The State Group performs over two million man-hours annually of retrofit, maintenance, construction and emergency services and maintains a tooling and equipment inventory to support its skilled workforce. State Group was founded in 1961 and is based in Toronto, Ontario.

Buy -
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