M&A Deal Summary

Energy Spectrum Capital Acquires Stonehenge Energy Resources II

On June 1, 2012, private equity firm Energy Spectrum Capital acquired energy services and equipment company Stonehenge Energy Resources II

Acquisition Highlights
  • This is Energy Spectrum Capital’s 30th transaction in the Energy Services and Equipment sector.
  • This is Energy Spectrum Capital’s 37th transaction in the United States.
  • This is Energy Spectrum Capital’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2012-06-01
Target Stonehenge Energy Resources II
Sector Energy Services and Equipment
Buyer(s) Energy Spectrum Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Stonehenge Energy Resources II

Westminster, Colorado, United States
Stonehenge Energy Resources II is a provider of an oil and gas gathering, processing and storage opportunities. Stonehenge Energy Resources II was formed in Westminster, 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 39 of 61
Sector (Energy Services and Equipment) 30 of 38
Type (Buyout (LBO, MBO, MBI)) 36 of 52
State (Colorado) 3 of 5
Country (United States) 37 of 58
Year (2012) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 Ceritas I

Houston, Texas, United States

Ceritas I was formed in January 2005 with a strategy to acquire and grow natural gas gathering and processing assets. Ceritas I's first acquisition in March 2005 was a gas gathering and processing system in Liberty County, TX. The company was successful in attracting new gas to the system, as well as expanding the system and adding a 50 MMcfd processing plant. Ceritas I sold its Liberty System to DCP Midstream in June 2010 and its Optigas assets to Monarch Natural Gas Holdings in June 2012.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 High Sierra Energy

Denver, Colorado, United States

High Sierra Energy, LP is a midstream energy company founded in 2004. We are based in Denver, Colorado and operate businesses in the energy industry. The Company's primary operations included crude oil, liquids and refined products gathering, transportation, storage and marketing, and the disposal and processing of water associated with the production of oil and natural gas. In June 2012, High Sierra merged with NGL Energy Partners (NYSE: NGL).

Sell $693M
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