M&A Deal Summary

BP Energy Partners Acquires Cryopeak Energy Solutions

On January 8, 2019, private equity firm BP Energy Partners acquired energy services and equipment company Cryopeak Energy Solutions

Acquisition Highlights
  • This is BP Energy Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is BP Energy Partners’ 1st transaction in Canada.
  • This is BP Energy Partners’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2019-01-08
Target Cryopeak Energy Solutions
Sector Energy Services and Equipment
Buyer(s) BP Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cryopeak Energy Solutions

Richmond, British Columbia, Canada
Cryopeak Energy Solutions provides liquefied natural gas (LNG) liquefaction, equipment, engineering, transportation, and distribution services to customers in Canada and Alaska. By providing equipment and services, Cryopeak enables customer conversions to lower carbon LNG from higher carbon fuels such as propane, diesel, and bunker fuel. Cryopeak Energy Solutions was founded in 2012 and is based in Richmond, British Columbia.

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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 1 of 9
Sector: Energy Services and Equipment M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 Pinnacle Midstream

Houston, Texas, United States

Pinnacle Midstream provides gas gathering and processing, crude oil gathering and transloading services to oil and gas producers. Pinnacle Midstream is based in Houston, Texas with an additional office in Midland, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-29 Catalyst Power

New York, New York, United States

Catalyst Power is an energy service company and an integrated provider of commercial energy, connected microgrid solutions, rooftop leasing, community solar, EV charging and battery storage. Catalyst's supply options help businesses save money, reduce environmental impact, and maintain power. Catalyst Power is based in New York, New York.

Buy -