M&A Deal Summary

BP Energy Partners Acquires American Industrial Machine

On December 20, 2023, private equity firm BP Energy Partners acquired machinery company American Industrial Machine from Aavin Equity Advisors

Acquisition Highlights
  • This is BP Energy Partners’ 1st transaction in the Machinery sector.
  • This is BP Energy Partners’ 2nd transaction in the United States.
  • This is BP Energy Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2023-12-20
Target American Industrial Machine
Sector Machinery
Buyer(s) BP Energy Partners
Sellers(s) Aavin Equity Advisors
Deal Type Secondary Buyout

Target

American Industrial Machine

Odessa, Texas, United States
American Industrial Machine specializing in industrial engine/compressor repairs and manufacturing by offering a variety of services, technology, and experience. American Industrial Machine is based in Odessa, Texas.

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Buyer(S) 1

DESCRIPTION

BP Energy Partners is a private equity firm focused the energy industry. The Firm's primary area of interest is the production and delivery of natural gas, which includes midstream and infrastructure, distribution, consumption and production services. Prospective transaction situations include buyouts, asset acquisitions, and providing growth capital to entrepreneurs, family run business and management teams. BP Energy Partners was established in 2013 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 2 of 3
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Encino Environmental Services

Houston, Texas, United States

Encino Environmental Services provides a full spectrum of environmental and regulatory compliance solutions within the upstream and midstream energy sectors. Encino also serves marine, power, industrial, mining, and other industries seeking to reduce their carbon footprint and reach their ESG goals. The Company’s mobile-emissions-performance testing laboratories allow for rapid deployment to meet emissions testing for mechanical integrity assessments and regulatory requirements. Encino’s engineering and environmental science expertise enables the Company to assess, design, and implement an array of strategies to address complex environmental projects. Encino Environmental Services was founded in 2010 and is based in Alleyton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-24 Novitech

Vaughan, Ontario, Canada

Novitech is an inline pipeline inspection technology and data analytics company capable of detecting, sizing, and identifying damage mechanisms, including deformations, complex corrosion, and cracking, in liquids and natural gas pipelines through its proprietary and modular Micron technology. Novitech was founded in 2015 and is based in Vaughan, Ontario.

Buy -

Seller(S) 1

SELLER

Aavin Equity Advisors

Cedar Rapids, Iowa, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 275M USD
Size Small
Type Sector Agnostic
DESCRIPTION

AAVIN Private Equity is a private investment firm that targets investments in smaller companies at all stages of development from early stage to later stage/buyouts. AAVIN typically looks for opportunities located in the Midwest and typically commits $1 to $5 million of capital per transaction. Sectors of interest include medical services & devices, telecommunications, manufacturing & distribution, industrial products & services and computer & software. AAVIN was formed in 1999 and is based in Cedar Rapids, Iowa.


DEAL STATS #
Overall 13 of 13
Sector (Machinery) 1 of 1
Type (Secondary Buyout) 2 of 2
State (Texas) 3 of 3
Country (United States) 13 of 13
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-21 Weeks Service

League City, Texas, United States

Weeks Service offers installation, service, and maintenance for heating and air conditioning systems in addition to electrical and generator service, replacement and maintenance. Weeks Service was founded in 1972 and is based in League City, Texas.

Sell -