M&A Deal Summary

Energy Spectrum Capital Acquires Clear Creek Energy Services

On June 1, 2005, private equity firm Energy Spectrum Capital acquired energy services and equipment company Clear Creek Energy Services

Acquisition Highlights
  • This is Energy Spectrum Capital’s 16th transaction in the Energy Services and Equipment sector.
  • This is Energy Spectrum Capital’s 18th transaction in the United States.
  • This is Energy Spectrum Capital’s 1st transaction in Wyoming.

M&A Deal Summary

Date 2005-06-01
Target Clear Creek Energy Services
Sector Energy Services and Equipment
Buyer(s) Energy Spectrum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Clear Creek Energy Services

Gillette, Wyoming, United States
Clear Creek Energy Services was a midstream energy company formed in June 2005 with a focus on the Powder River Basin in northeastern Wyoming and the Piceance Basin in western Colorado.

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Buyer(S) 1

Buyer

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 20 of 61
Sector: Energy Services and Equipment M&A 16 of 38
Type: Buyout (LBO, MBO, MBI) M&A Deals 20 of 52
State: Wyoming M&A 1 of 1
Country: United States M&A 18 of 58
Year: 2005 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Enerven Compression Services

Dallas, Texas, United States

Enerven is a diversified provider of compression services including rental of compressors for wellhead and field compression needs, maintenance services for customer-owned compressors and build-and-operate services for new midstream gas infrastructure projects.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 CES Acquisition

New York, New York, United States

In February 2001, ESC invested in CES Acquisition, an infrastructure development company with an emphasis on projects in power generation. ESC's equity enabled CES to acquire the independent power business of Montana Power Company. CES assets included ownership interests in five power plants with net interests of 438 MW of generation. In July 2005, ESC sold its interest in CES as part of a recapitalization of the Company.

Sell -