M&A Deal Summary

CSL Capital Management and White Deer Energy Acquire Ranger Energy Services

On March 16, 2020, private equity firms CSL Capital Management and White Deer Energy acquired energy services and equipment company Ranger Energy Services

Acquisition Highlights
  • This is CSL Capital Management’s 2nd and White Deer Energy’s 14th transaction in the Energy Services and Equipment sector.
  • This is CSL Capital Management’s 2nd and White Deer Energy’s 20th transaction in the United States.
  • This is CSL Capital Management’s 2nd and White Deer Energy’s 9th transaction in Texas.

M&A Deal Summary

Date 2020-03-16
Target Ranger Energy Services
Sector Energy Services and Equipment
Buyer(s) CSL Capital Management
White Deer Energy
Deal Type Going Private

Target

Ranger Energy Services

Houston, Texas, United States
Ranger Energy Services is an provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is based in Houston, Texas.

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Buyer(S) 2

Buyer

CSL Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 1.7B USD
Size Large
Type Sector Focused
DESCRIPTION

CSL Capital Management is a private equity firm focused on the energy services and equipment sector. The Firm looks to support a variety of investment situations including growth financings, recapitalizations, and corporate divestitures. CSL Capital Management was formed in 2008 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 3
Type (Going Private) 1 of 1
State (Texas) 2 of 3
Country (United States) 2 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 Stratum Reservoir

Houston, Texas, United States

Stratum Reservoir operates customer-focused laboratories to enable the discovery and sustainable development of energy resources through applied geosciences. Stratum supports energy resource investment and divestiture strategies worldwide through the analysis and interpretation of rocks and fluids. Stratum specializes in reservoir characterization, laboratory services and instrumentation designed to deliver scientific insights in upstream, midstream and mining operations.

Buy $205M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Kanaci Technologies

Houston, Texas, United States

Kanaci Technologies is comprised of three divisions: Marine and Defense, Energy, and Power Generation. Kanaci Technologies' power generation platform supplies industrial power generation solutions. Kanaci Technologies is positioned to provide power generation solutions for baseload, intermittency, peak, and load sharing power.

Buy -
Buyer

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.


DEAL STATS #
Overall 22 of 30
Sector (Energy Services and Equipment) 14 of 18
Type (Going Private) 1 of 1
State (Texas) 9 of 14
Country (United States) 20 of 27
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Exero

Denver, Colorado, United States

Exero is an oilfield services company that provides cementing services in the Rocky Mountain region. Exero was founded in 2019 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-01 Lufkin

Missouri City, Texas, United States

Lufkin is a global provider of rod lift products, technologies, services and solutions, including automated control and optimization equipment and software for rod lift equipment to the oil and gas industry. Lufkin manufactures a complete line of surface pumping units, downhole sucker rod pumps and automation systems in six manufacturing and assembly facilities worldwide. Lufkin has an extensive global service footprint that operates throughout the oil-producing world. Lufkin was founded in 1902 and is based in Missouri City, Texas.

Buy -