Add-on Acquisition • Energy Services and Equipment

Butch s Acquires Express Energy Services

On December 1, 2020, Butch s acquired energy services and equipment company Express Energy Services from Apollo Global Management

Acquisition Context
  • This is Butch s’ 1st transaction in the Energy Services and Equipment sector.
  • This is Butch s’ 1st transaction in the United States.
  • This is Butch s’ 1st transaction in Texas.

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M&A Deal Summary

Date December 1, 2020
Target Express Energy Services
Sector Energy Services and Equipment
Buyer(s) Butch s
Sellers(s) Apollo Global Management
Deal Type Add-on Acquisition

Target Company

Express Energy Services

Houston, Texas, United States
Express Energy Services is a provider of rental equipment and services to the oil and gas industry. Express Energy Services was founded in 2000 and is based in Houston, Texas.
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Buyer Overview 1

Buyer

Butch s

Levelland, Texas, United States

Category Company
Founded 1980
Sector Oil/Gas Exploration
DESCRIPTION

Butch's is an oil and gas servicing company in United States. Butch's was founded in 1980 and is based in Levelland, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2020 1 of 1

Seller Profile 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


Deal Context for Seller #
Overall 48 of 77
Sector: Energy Services and Equipment 2 of 4
Type: Add-on Acquisition 13 of 25
State: Texas 6 of 9
Country: United States 36 of 54
Year: 2020 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Parallel Infrastructure

Charlotte, North Carolina, United States

Parallel Infrastructure is a build-to-suit tower operator with nearly 500 macro cell towers across the US and several hundred more under contract or in late-stage development. The Company counts all major US wireless carriers as customers, including AT&T, Verizon, and T-Mobile, which lease space on towers under long-term contracts. Parallel Infrastructure is based in Charlotte, North Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Allwyn

Luzern, Switzerland

Allwyn operates lotteries in multiple European countries. Through it's digital platforms, Allwyn provide other entertainment offerings, including sports betting, online instant-win games, iGaming and VLTs. Allwyn is based in Luzern, Switzerland.

Buy -