M&A Deal Summary |
|
|---|---|
| Date | 2022-02-22 |
| Target | Azure Midstream |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Clearfork Midstream |
| Sellers(s) |
Energy Spectrum Capital
Tenaska Capital Management |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Porter Hedges Latham & Watkins (Legal) |
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| Category | Company |
|---|---|
| Founded | 2020 |
| Sector | Oil/Gas Exploration |
Clearfork is a midstream company that was formed to provide comprehensive midstream solutions for oil and gas producers in basins across North America, with a specific emphasis on unconventional natural gas production in the Haynesville/Bossier Shale formation in North Louisiana and East Texas. Clearfork Midstream was formed in 2020 and is based in Fort Worth, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Texas M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Focused |
Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 37 of 42 |
| Sector: Oil/Gas Exploration M&A | 8 of 11 |
| Type: Add-on Acquisition M&A Deals | 18 of 21 |
| State: Texas M&A | 21 of 23 |
| Country: United States M&A | 35 of 39 |
| Year: 2022 M&A | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-01 |
BlueJack Energy Solutions
Plano, Texas, United States BlueJack Energy Solutions serves oil and gas producers by handling oilfield waste streams with tailored solutions and best-in-class customer service that address each customer’s unique requirements. Services include saltwater transmission and disposal, solids processing and disposal, and wastewater blending, and recycling. BlueJack Energy Solutions is based in Plano, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-01 |
Caliche Development Partners
Houston, Texas, United States Caliche Development Partners is focused on the acquisition, development, construction, ownership, and operation of subsurface hydrocarbon storage assets in North America, with a primary focus on the U.S. Gulf Coast. Caliche Development Partners was founded in 2016 and is based in Houston, Texas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 3.2B USD |
| Size | Large |
| Type | Sector Focused |
Tenaska Capital Management (TCM) is the private equity affiliate of integrated energy company Tenaska. TCM was formed to leverage Tenaska's sector expertise to pursue opportunities for investment in the North American energy sector. Specific areas of interest include power generating plants; national providers of transmission and pipeline construction and maintenance services; and natural gas storage facilities. Tenaska Capital Management is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 15 of 15 |
| Sector: Oil/Gas Exploration M&A | 3 of 3 |
| Type: Add-on Acquisition M&A Deals | 9 of 9 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 15 of 15 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-01 |
Big Sandy Peaker Plant
Kenova, West Virginia, United States Big Sandy Peaker Plant LLC is a simple-cycle plant that provides electric generating capacity to the PJM Interconnection market during periods of peak demand. Big Sandy Peaker Plant was founded in 2001 and is based in Kenova, Washington. |
Sell | - |
