Divestiture • Oil/Gas Exploration

Conestoga Energy Holdings Acquires Saffire Renewables

On August 14, 2025, Conestoga Energy Holdings acquired oil/gas exploration company Saffire Renewables from Southwest

Acquisition Context
  • This is Conestoga Energy Holdings’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Conestoga Energy Holdings’ 2nd transaction in the United States.
  • This is Conestoga Energy Holdings’ 2nd transaction in Texas.

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M&A Deal Summary

Date August 14, 2025
Target Saffire Renewables
Sector Oil/Gas Exploration
Buyer(s) Conestoga Energy Holdings
Sellers(s) Southwest
Deal Type Divestiture

Target Company

Saffire Renewables

Dallas, Texas, United States
Saffire Renewables develops and produces scalable renewable ethanol. Saffire Renewables was founded in 2022 and is based in Dallas, Texas.
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Buyer Overview 1

Buyer

Conestoga Energy Holdings

Liberal, Kansas, United States

Category Company
Founded 2006
Sector Renewable Energy
DESCRIPTION

Conestoga Energy Holdings LLC is a marketing and production of low-carbon renewable energy.


Deal Context for Buyer #
Overall 2 of 2
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
State: Texas 2 of 2
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 VicNRG

Southlake, Texas, United States

VicNRG LLC is a distributor of and terminal operating company that has developed a national distribution model and integrated service offering which is unique in the industry.

Buy -

Seller Profile 1

SELLER

Southwest

Dallas, Texas, United States

Category Company
Founded 1967
Sector Airlines
Employees72,450
Revenue 27.5B USD (2024)
DESCRIPTION
Entrance to Southwest's corporate headquarters in Dallas, Texas.
Entrance to Southwest's corporate headquarters in Dallas, Texas.

Southwest is a discount airline serving the US market. Southwest serves more then 100 destinations in 40+ states, the District of Columbia, the Puerto Rico, and five near-international countries via wholly owned subsidiary, AirTran Airways. Southwest was formed in 1967 and is based in Dallas, Texas.


Deal Context for Seller #
Overall 2 of 2
Sector: Oil/Gas Exploration 1 of 1
Type: Divestiture 1 of 1
State: Texas 2 of 2
Country: United States 2 of 2
Year: 2025 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-28 Saffire Renewables

Dallas, Texas, United States

Saffire Renewables develops and produces scalable renewable ethanol. Saffire Renewables was founded in 2022 and is based in Dallas, Texas.

Buy -