M&A Deal Summary

CSL Capital Management Acquires Stratum Reservoir

On April 30, 2019, private equity firm CSL Capital Management acquired energy services and equipment company Stratum Reservoir for 205M USD

Acquisition Highlights
  • This is CSL Capital Management’s 1st transaction in the Energy Services and Equipment sector.
  • This is CSL Capital Management’s largest (disclosed) transaction.
  • This is CSL Capital Management’s 1st transaction in the United States.
  • This is CSL Capital Management’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-04-30
Target Stratum Reservoir
Sector Energy Services and Equipment
Buyer(s) CSL Capital Management
Deal Type Divestiture
Deal Value 205M USD

Target

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.

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Buyer(S) 1

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 1 of 3
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 3
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Optum Energy Solutions

Houston, Texas, United States

Optum Energy Solutions delivers reliable pipeline drag reduction solutions to ensure efficiency for oil and gas operators. Optum Energy Solutions was formed in 2015 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 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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