M&A Deal Summary |
|
|---|---|
| Date | 2014-03-26 |
| Target | Anchor Drilling Fluids |
| Sector | Energy Services and Equipment |
| Buyer(s) | Calumet |
| Sellers(s) | GarMark Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 235M USD |
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| Category | Company |
|---|---|
| Founded | 1916 |
| Sector | Energy Services and Equipment |
| Employees | 1,580 |
| Revenue | 4.2B USD (2023) |
Calumet is an independent producer of high-quality, specialty hydrocarbon products in North America. Calumet owns specialty and fuel products facilities primarily located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey, eastern Missouri and North Dakota. The Company owns and leases oilfield services locations in Texas, Oklahoma, Louisiana, Arkansas, Colorado, Utah, Wyoming, Montana, New Mexico, New York, North Dakota, Pennsylvania and Ohio. Calumet was incorporated in 1916 and is based in Indianapolis, Indiana.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 4 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Add-on Acquisition) | 2 of 4 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 2 of 4 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-12-10 |
Bel-Ray Company
Farmingdale, New Jersey, United States Bel-Ray Company, Inc. is an international, US-based, lubricant manufacturing company providing lubricants for the food and general manufacturing industries, the mining industry and the consumer light vehicle market. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-02 |
ADF Holdings
Indianapolis, Indiana, United States ADF Holdings, Inc. is a provider of engineered drilling fluid solutions and well site services to oil and natural gas land drillers. |
Buy | $33M |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.1B USD |
| Size | Large |
| Type | Sector Agnostic |
GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 21 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 10 of 14 |
| State (Oklahoma) | 1 of 1 |
| Country (United States) | 14 of 19 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-03 |
Mid-Atlantic Convenience Stores
Richmond, Virginia, United States Mid-Atlantic Convenience Stores (MACS) is a convenience store operator in Maryland and Virginia. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-11 |
Baja Fresh
Irvine, California, United States Baja Fresh is a chain of fast-casual Tex Mex restaurants. Baja Fresh was formed in 1990 and is based in Irvine, California. |
Buy | - |
