M&A Deal Summary

Clearlake Capital Acquires Gravity Oilfield Services

On September 27, 2017, private equity firm Clearlake Capital acquired energy services and equipment company Gravity Oilfield Services

Acquisition Highlights
  • This is Clearlake Capital’s 5th transaction in the Energy Services and Equipment sector.
  • This is Clearlake Capital’s 37th transaction in the United States.
  • This is Clearlake Capital’s 7th transaction in Texas.

M&A Deal Summary
Date 2017-09-27
Target Gravity Oilfield Services
Sector Energy Services and Equipment
Buyer(s) Clearlake Capital
Deal Type Consolidation

Target

Gravity Oilfield Services

Midland, Texas, United States
Gravity Oilfield Services is a provider of critical oilfield services including water logistics and infrastructure solutions, comprehensive remote power offerings, and wellbore services to upstream oil and natural gas companies operating throughout the United States. Gravity Oilfield Services was formed in 2017 and is headquartered in Midland, Texas.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.

DEAL STATS #
Overall 39 of 88
Sector (Energy Services and Equipment) 5 of 5
Type (Consolidation) 4 of 5
State (Texas) 7 of 13
Country (United States) 37 of 83
Year (2017) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Globe Energy Services

Snyder, Texas, United States

Globe Energy Services LLC provides a full range of services primarily focused on production activities and the maintenance of existing wells, with capabilities that include fluid services, completion services, artificial lift, well services, fishing and rental, production chemicals, water infrastructure solutions and other environmental services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 C1

Bloomington, Minnesota, United States

C1 is a provider of business communications solutions. The Company serves as a critical link between OEMs and end users providing essential consulting and project management services related to custom design, installation, implementation and maintenance of communication solutions. C1 was formed in 1993 and is headquartered in Bloomington, Minnesota.

Sell -
Mergr

Product

Company

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