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M&A Deal Summary

DFW Midstream Services Acquires Texas Energy Midstream

On July 1, 2014, DFW Midstream Services acquired energy services and equipment company Texas Energy Midstream from Energy Spectrum Capital

Acquisition Highlights
  • This is DFW Midstream Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is DFW Midstream Services’ 1st transaction in the United States.
  • This is DFW Midstream Services’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-07-01
Target Texas Energy Midstream
Sector Energy Services and Equipment
Buyer(s) DFW Midstream Services
Sellers(s) Energy Spectrum Capital
Deal Type Add-on Acquisition

Target

Texas Energy Midstream

Dallas, Texas, United States
In July 2008, Texas Energy Midstream was formed to acquire and develop midstream assets with organic growth opportunities in Texas, beginning in the Barnett Shale. The Company constructed and operates a gathering system and compression facility in Tarrant County, Texas, in the heart of the Barnett Shale. The Company is also pursuing additional midstream opportunities, particularly in the Barnett Shale and other basins in the Southwest United States.

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Buyer(S) 1

Buyer

DFW Midstream Services

United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

DFW Midstream Services is midstream energy services company.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.

DEAL STATS #
Overall 28 of 42
Sector: Energy Services and Equipment M&A 22 of 28
Type: Add-on Acquisition M&A Deals 11 of 21
State: Texas M&A 14 of 23
Country: United States M&A 26 of 39
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Frontier Midstream Solutions III

Tulsa, Oklahoma, United States

Frontier Midstream Solutions III LLC is a midstream development project in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 TransEdge Energy

Houston, Texas, United States

In July 2007, TransEdge Energy was formed to pursue opportunities primarily in the refined products pipeline and terminal sectors. The Company currently owns refined products and propane distribution assets in New Hampshire.

Sell -
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