M&A Deal Summary

Copano Energy Acquires Cantera Resources

On September 4, 2007, Copano Energy acquired energy services and equipment company Cantera Resources from Metalmark Capital for 675M USD

Acquisition Highlights
  • This is Copano Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Copano Energy’s largest (disclosed) transaction.
  • This is Copano Energy’s 2nd transaction in the United States.
  • This is Copano Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2007-09-04
Target Cantera Resources
Sector Energy Services and Equipment
Buyer(s) Copano Energy
Sellers(s) Metalmark Capital
Deal Type Add-on Acquisition
Deal Value 675M USD

Target

Cantera Resources

Englewood, Colorado, United States
Cantera Resources Holdings LLC is a natural gas gathering and processing company that owns and operates plants in Colorado, Louisiana, Oklahoma, Texas, Utah, and Wyoming.

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Buyer(S) 1

Buyer

Copano Energy

Houston, Texas, United States
Category Company
Founded 1992
Sector Energy Services and Equipment
Employees408
DESCRIPTION

Copano Energy LLC, is a midstream natural gas company providing comprehensive services to natural gas producers, including natural gas gathering, intrastate transmission, processing, conditioning and treating to producers.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 ScissorTail Energy

Tulsa, Oklahoma, United States

Scissortail Holdings is a gas gathering and transmission company with assets in central and eastern Oklahoma.

Buy -

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 20 of 40
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 10 of 20
State (Colorado) 3 of 3
Country (United States) 19 of 37
Year (2007) 1 of 1
Size (of disclosed) 5 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-22 HDT Global

Solon, Ohio, United States

HDT Global is a provider of highly engineered solutions for branches of the US military, international governments, and commercial customers. HDT holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative products include rapidly deployable shelters, sophisticated environmental control, and power equipment, and nuclear, biological, and chemical protection systems. HDT Global was founded in 1937 and is based in Solon, Ohio.

Buy $335M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Pacific Coast Energy Company

Los Angeles, California, United States

Pacific Coast Energy Company is an independent company engaged in the development and production of long-lived onshore crude oil reserves located in Los Angeles, Orange and Santa Barbara counties in Southern California.

Buy -
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