M&A Deal Summary

Eagle Automation Acquires VanZandt Controls

On March 2, 2022, Eagle Automation acquired distribution company VanZandt Controls from OFS Energy Fund

Acquisition Highlights
  • This is Eagle Automation’s 2nd transaction in the Distribution sector.
  • This is Eagle Automation’s 2nd transaction in the United States.
  • This is Eagle Automation’s 2nd transaction in Texas.

M&A Deal Summary

Date 2022-03-02
Target VanZandt Controls
Sector Distribution
Buyer(s) Eagle Automation
Sellers(s) OFS Energy Fund
Deal Type Add-on Acquisition

Target

VanZandt Controls

Odessa, Texas, United States
VanZandt Controls is a specializes in the packaging, distribution, and servicing of automated valves. Lance has quickly grown VanZandt into one of the top providers of automated valves in west Texas. VanZandt Controls was founded in 2015 and is based in Odessa, Texas.

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Buyer(S) 1

Buyer

Eagle Automation

Denver, Colorado, United States

Category Company
Founded 2000
Sector Distribution
DESCRIPTION

Eagle Automation is a distributor providing automation and measurement products, services, and solutions to oil & gas producers. Eagle provides a comprehensive and integrated suite of Automation & Measurement (A&M) services and products, helping customers realize operational and cost efficiency improvements. Eagle Automation was founded in 2000 and is based in Denver, Colorado.


DEAL STATS #
Overall 2 of 2
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Texas) 2 of 2
Country (United States) 2 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Texas Energy Control Products

Fort Worth, Texas, United States

Texas Energy Control Products, Inc. is a control panel fabricator and distributor of automation and measurement products and related assembly, with operations across Texas and Oklahoma. Texas Energy Control Products, Inc. was founded in 1991 and is based in Fort Worth, Texas.

Buy -

Seller(S) 1

SELLER

OFS Energy Fund

Houston, Texas, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

OFS Energy Fund is a private equity fund focused on acquiring and growing lower middle market energy service companies. OFS seeks at least $15 million in companies generating revenue of $5 to $100 million and EBITDA of $1 to $20 million. OFS also looks to provide debt financing to private and public companies as well. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth capital financings, and special situations. OFS Energy is managed by Dorado Energy Partners LLC. The Firm was founded in 2008 and is based in Houston, Texas.


DEAL STATS #
Overall 12 of 12
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Texas) 9 of 9
Country (United States) 12 of 12
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Integrity Gas Services

Houston, Texas, United States

Integrity Gas Services offers nitrogen services to the upstream, midstream, and downstream markets. Based in Houston, Texas, with operations focused in West Texas, the Scoop and Stack in Oklahoma, and the North East, Integrity was founded in late 2016 and is based in Houston, Texas.

Sell -