M&A Deal Summary

Coho Energy Acquires Interstate Natural Gas

On December 8, 1994, Coho Energy acquired oil/gas exploration company Interstate Natural Gas from Metalmark Capital for 20M USD

Acquisition Highlights
  • This is Coho Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Coho Energy’s largest (disclosed) transaction.
  • This is Coho Energy’s 1st transaction in the United States.
  • This is Coho Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 1994-12-08
Target Interstate Natural Gas
Sector Oil/Gas Exploration
Buyer(s) Coho Energy
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition
Deal Value 20M USD

Target

Interstate Natural Gas

Houston, Texas, United States
Interstate Natural Gas operates a fully integrated natural gas production, gathering and transmission system for the Monroe Field in northern Louisiana, historically one of the largest gas fields in the United States. .

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Buyer(S) 1

Buyer

Coho Energy

Dallas, Texas, United States
Category Company
Founded 1980
Sector Oil/Gas Exploration
DESCRIPTION

Coho Energy, Inc. operates as an independent energy company.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (1994) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.

DEAL STATS #
Overall 4 of 40
Sector (Oil/Gas Exploration) 2 of 8
Type (Add-on Acquisition) 4 of 20
State (Texas) 3 of 9
Country (United States) 4 of 37
Year (1994) 2 of 2
Size (of disclosed) 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-12-01 CSG

Englewood, Colorado, United States

CSG is a business support solutions provider primarily serving the communications industry. CSG's solutions help service providers streamline and scale operations, introduce and adapt products and services to meet customer demands, and address the challenges and opportunities brought about by change. The Company's suite of solutions helps clients improve their business operations by creating more compelling product offerings and an enhanced customer experience through more relevant and targeted interactions. CSG was founded in 1994 and is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-01-01 Southern Pacific Rail

San Francisco, California, United States

Southern Pacific Rail operated a major freight transportation system over a railroad and trucking network across the western states. In 1996, Southern Pacific Rail merged with Union Pacific Corporation.

Sell -
Mergr

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