M&A Deal Summary

Endeavour Capital Acquires Little Red Services

On January 1, 2008, private equity firm Endeavour Capital acquired energy services and equipment company Little Red Services

Acquisition Highlights
  • This is Endeavour Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Endeavour Capital’s 23rd transaction in the United States.
  • This is Endeavour Capital’s 1st transaction in Alaska.

M&A Deal Summary

Date 2008-01-01
Target Little Red Services
Sector Energy Services and Equipment
Buyer(s) Endeavour Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Little Red Services

Anchorage, Alaska, United States
Little Red Services (LRS) is a leading provider of oil field services on the North Slope of Alaska. Headquartered in Anchorage, Alaska, the company provides 'hot-oil' (heated fluid) and pressure pumping services to well operators, principally BP Exploration Alaska and ConocoPhillips.

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Buyer(S) 1

Buyer

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


DEAL STATS #
Overall 23 of 59
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 16 of 28
State: Alaska M&A 1 of 1
Country: United States M&A 23 of 57
Year: 2008 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-09 Merchandising Technologies

Hillsboro, Oregon, United States

Merchandising Technologies, Inc. ("MTI") dba MTI Interactive is a provider of display, power and loss prevention products and services to consumer electronics retailers and OEM's. MTI's customers include some of the world's most recognized consumer electronic brands and six of the seven largest retailers in the United States, with products focused around tablets, mobile phones, cameras, laptops and other small consumer electronics devices.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-20 Genesis Financial Solutions

Beaverton, Oregon, United States

Genesis Financial Solutions, Inc. is a consumer finance company focused on the acquisition and origination of credit cards and student loans. Genesis partners with banks, career colleges and other consumer-oriented organizations to create customized lending programs.

Buy -