M&A Deal Summary

Cimarron Energy Acquires Hy-Bon Engineering

On July 2, 2019, Cimarron Energy acquired energy services and equipment company Hy-Bon Engineering from Regal Rexnord

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

M&A Deal Summary
Date 2019-07-02
Target Hy-Bon Engineering
Sector Energy Services and Equipment
Buyer(s) Cimarron Energy
Sellers(s) Regal Rexnord
Deal Type Divestiture

Target

Hy-Bon Engineering

Midland, Texas, United States
Hy-Bon Engineering Co. Inc. design and fabrication of customized compressor packages for handling low pressure gas streams. Regardless of the application: whether gas from oilfield stock tanks, casinghead gas, field gas collection or biogas from wastewater facilities, digester tanks, landfills or breweries, HY-BON/EDI can design the package required. HY-BON/EDI also designs and manufactures custom compressed natural gas (CNG) packages for municipal applications.

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Buyer(S) 1

Buyer

Cimarron Energy

Houston, Texas, United States
Category Company
Founded 1976
Sector Energy Services and Equipment
Employees368
Revenue 124M USD (2012)
DESCRIPTION

Cimarron Energy is a manufacturer of engineered oil and natural gas production and processing equipment, providing separation, measurement, flowback, and environmental products, as well as field services, to oil and natural gas exploration and production and midstream companies. Cimarron Energy was established in 1976 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-04 Aereon

Austin, Texas, United States

Aereon is a provider of standard and highly-engineered vapor recovery and combustion systems which it manufactures and markets to upstream, midstream, and downstream customers. The company's sales are balanced between domestic and international markets, standard and custom equipment as well as substantial after-market parts sales and services. Aereon was formed in 1984 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

Regal Rexnord

Milwaukee, Wisconsin, United States
Category Company
Founded 1955
Sector Electrical Equipment
Employees30,000
Revenue 6.3B USD (2023)
DESCRIPTION
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.
Entrance to Regal Beloit's corporate headquarters in Beloit, Wisconsin.

Regal Rexnord is a manufacturer of electric motors, electrical motion controls, power generation and power transmission products serving markets throughout the world. Regal Rexnord was founded in 1955 and is based in Milwaukee, Wisconsin.

DEAL STATS #
Overall 3 of 4
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 3
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Unico Technologies Group

Franksville, Wisconsin, United States

Unico Technologies Group designs, engineers and assembles technology-enabled high performance motor control solutions for automation and energy efficiency used in a variety of general industrial applications. Unico Technologies Group is based in Franksville, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Rexnord’s Process & Motion Control Business

Milwaukee, Wisconsin, United States

Rexnord’s Process & Motion Control Business services clients and is based in Wisconsin.

Buy -
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