M&A Deal Summary

Energy Spectrum Capital Acquires Frontier Midstream Solutions III

On May 1, 2014, private equity firm Energy Spectrum Capital acquired oil/gas exploration company Frontier Midstream Solutions III

Acquisition Highlights
  • This is Energy Spectrum Capital’s 8th transaction in the Oil/Gas Exploration sector.
  • This is Energy Spectrum Capital’s 41st transaction in the United States.
  • This is Energy Spectrum Capital’s 12th transaction in Oklahoma.
Investment Fate
  • Frontier Midstream Solutions III was sold to a publicly-traded strategic buyer in 2017.

M&A Deal Summary

Date 2014-05-01
Target Frontier Midstream Solutions III
Sector Oil/Gas Exploration
Buyer(s) Energy Spectrum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Frontier Midstream Solutions III

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

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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 44 of 62
Sector: Oil/Gas Exploration M&A 8 of 21
Type: Buyout (LBO, MBO, MBI) M&A Deals 41 of 52
State: Oklahoma M&A 12 of 17
Country: United States M&A 41 of 59
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Hoover Energy Partners

Houston, Texas, United States

Hoover Energy Partners LP is an emerging independent midstream energy company providing consistent, safe and environmentally sound midstream services to the producing community from the wellhead to downstream markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 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.

Sell -