M&A Deal Summary

Court Square Capital Partners Acquires Offen Petroleum

On June 27, 2019, private equity firm Court Square Capital Partners acquired chemicals company Offen Petroleum from Lariat Partners

Acquisition Highlights
  • This is Court Square Capital Partners’ 2nd transaction in the Chemicals sector.
  • This is Court Square Capital Partners’ 48th transaction in the United States.
  • This is Court Square Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2019-06-27
Target Offen Petroleum
Sector Chemicals
Buyer(s) Court Square Capital Partners
Sellers(s) Lariat Partners
Deal Type Secondary Buyout
Advisor(s) Stephens Investment Banking (Financial)

Target

Offen Petroleum

Commerce City, Colorado, United States
Offen Petroleum is a provider of fuel, lubricants, and logistics services in Colorado and the Rocky Mountain region. Offen sources and sells fuel in 12 states. In addition to fuels, Offen's lubricants division provides products and solutions for the commercial, industrial, and passenger car segments, as well as diesel exhaust fluids used in emission controls. The Company operates a specialty logistics division that is a premier fuel carrier throughout Colorado. Offen Petroleum was founded in 1930 and is headquartered in Commerce City, Colorado.

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Buyer(S) 1

Buyer

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 51 of 67
Sector (Chemicals) 2 of 3
Type (Secondary Buyout) 25 of 31
State (Colorado) 3 of 3
Country (United States) 48 of 64
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Virtium

Rancho Santa Margarita, California, United States

Virtium manufactures industrial-grade, ruggedized memory and storage solutions that can withstand extreme conditions and have long useful lives. The Company’s hardware is sold in conjunction with software-enabled solutions, providing a fully integrated system of industrial applications to industrial OEMs. Virtium’s solutions are used in areas such as network routers, transportation, gaming and cell phone towers. Virtium was founded in 1997 and is based in Rancho Santa Margarita, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-30 Drew Marine

Whippany, New Jersey, United States

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries. Drew Marine is based in Whippany, New Jersey.

Buy -

Seller(S) 1

DESCRIPTION

Lariat Partners is a lower middle-market private equity firm focused on buy-and-build investments of recurring revenue businesses. Target sectors include consumer products, energy and environmental services, food, healthcare services, marine services, safety, and specialty distribution. Prospective companies are generally profitable with $2 to $20 million of EBITDA. Lariat Partners was formed in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 7
Sector (Chemicals) 2 of 2
Type (Secondary Buyout) 4 of 4
State (Colorado) 1 of 1
Country (United States) 5 of 7
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Willowood USA

Roseburg, Oregon, United States

Willowood USA is an Oregon-based company that develops, formulates and markets generic crop protection products for the U.S. agriculture industry. Willowood USA is based in Roseburg, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Northern Seed

Butte, Montana, United States

Northern Seed provides quality seeds, seed treatment, and services to its growers. Northern Seed was founded in 2007 and is based in Butte, Montana.

Sell -