Investment Summary

Colton Capital Partners and Pelican Energy Partners Exits Veretek

On January 3, 2022, Extract invested in manufacturer Veretek from Colton Capital Partners and Pelican Energy Partners

Investment Highlights
  • This is Extract’s 1st transaction in the Manufacturing sector.
  • This is Extract’s 1st transaction in the United States.
  • This is Extract’s 1st transaction in Texas.

Investment Summary

Date 2022-01-03
Target Veretek
Sector Manufacturing
Investor(s) Extract
Sellers(s) Colton Capital Partners
Pelican Energy Partners
Deal Type Add-on Acquisition

Target

Veretek

Houston, Texas, United States
Veretek manufactures and sells high viscosity pumps for oil & gas production applications. Veretek continues to upgrade its products and produce new models of the Vantage CHP to cover different diameters and flow capacities. Veretek was founded in 2014 and is based in Houston, Texas.

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Investor(S) 1

Investor

Extract

Tulsa, Oklahoma, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Extract Companies is an artificial lift company. Through its Extract Production Services and Hoss Pump Systems subsidiaries, Extract provides ESP, Gas Lift, and Horizontal Pump Systems to the oil production and saltwater disposal markets in the US. Extract is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing 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

Seller(S) 2

DESCRIPTION

Colton Capital Partners is a family owned investment company that invests in small and middle-market private companies across a variety of industries. The Firm looks to partner with management when pursuing acquisitions and looks to commit $500K to $20 million per investment. Colton is willing to be a majority or minority partner and will also consider mezzanine debt investments. Colton Capital Partners was established in 2011 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 5 of 5
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-16 Eco-Stim Energy Solutions

Katy, Texas, United States

Eco-Stim Energy Solutions, Inc. is an oilfield service and technology company providing proprietary field management technologies and well stimulation and completion services to oil and gas producers drilling in the rapidly expanding international unconventional shale markets. Eco-Stim Energy Solutions is based in Katy, Texas.

Sell -
SELLER

Pelican Energy Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 563M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Pelican Energy Partners is a private equity firm focused on making strategic investments in energy services and manufacturing companies. The Firm typically pursues profitable, established companies across North America with EBITDA generally between $1 million and $10 million. Pelican Energy Partners was formed in 2011 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 6 of 6
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 6
State: Texas M&A 5 of 5
Country: United States M&A 6 of 6
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Lodestar International

Wimberly, Texas, United States

Lodestar International LLC is an independent manufacturer and service provider of downhole dynamics-while-drilling “DWD” measurement tools, which are critical to continued drilling efficiencies and optimization. Lodestar’s flagship products, the I-SUB and I-STRING, provide multiple drilling measurements throughout the drill string and at the drill bit. Lodestar International was founded in 2013 and is based in Wimberly, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-11 Iron Horse Tools

Corpus Christi, Texas, United States

Iron Horse Tools is a provider of automated drilling chokes in the US, with a focus on proprietary solutions that improve efficiency and safety during managed pressure drilling ("MPD") operations. Iron Horse Tools was founded in 2008 and is based in Corpus Christi, Texas.

Buy -