Add-on Acquisition • Distribution

Broad Street Energy Partners Acquires Pipeline Supply & Service

On March 19, 2013, Broad Street Energy Partners acquired distribution company Pipeline Supply & Service from Cadent Energy Partners

Acquisition Context
  • This is Broad Street Energy Partners’ 1st transaction in the Distribution sector.
  • This is Broad Street Energy Partners’ 1st transaction in the United States.
  • This is Broad Street Energy Partners’ 1st transaction in Texas.

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M&A Deal Summary

Date March 19, 2013
Target Pipeline Supply & Service
Sector Distribution
Buyer(s) Broad Street Energy Partners
Sellers(s) Cadent Energy Partners
Deal Type Add-on Acquisition

Target Company

Pipeline Supply & Service

Houston, Texas, United States
Pipeline Supply & Service LLC is a providers of industrial products and services to the domestic oil and gas transmission industry. Furthermore, PSS stocks and distributes one of the industry’s most comprehensive and largest industrial and safety product offerings.
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Buyer Overview 1

Buyer

Broad Street Energy Partners

Wilmington, Delaware, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION


Deal Context for Buyer #
Overall 1 of 1
Sector: Distribution 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2013 1 of 1

Seller Profile 1

SELLER

Cadent Energy Partners


Category Private Equity Firm
Founded 2003
PE ASSETS 826M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Cadent Energy Partners is a private equity firm that invests in small to medium-sized North American companies in the energy industry. Specific areas of interest include exploration and production; drilling and completion; non-conventional hydrocarbon developments; oilfield services and equipment; oil and gas transportation; refining equipment and services; petroleum products distribution and storage; power equipment and services; and renewable energy. Cadent generally invests between $25 and $75 million per transaction in businesses generating revenues of $10 to $100 million. In addition to providing expansion capital, Cadent also finances private mergers or acquisitions, corporate divestitures or spinouts, and restructuring situations. Cadent Energy was formed in 2003 and is based in Rye Brook, New York.


Deal Context for Seller #
Overall 4 of 7
Sector: Distribution 1 of 1
Type: Add-on Acquisition 3 of 5
State: Texas 2 of 3
Country: United States 3 of 6
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Maxum Petroleum

Greenwich, Connecticut, United States

Maxum Petroleum, Inc. is a provider of logistics and energy management services in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-30 SustainX

Seabrook, New Hampshire, United States

SustainX, Inc. is an electrical energy storage technology development company. SustainX was founded in 2007 and is based in Seabrook, New Hampshire.

Sell -