M&A Deal Summary |
|
|---|---|
| Date | 2024-05-28 |
| Target | WTG |
| Sector | Energy Services and Equipment |
| Buyer(s) | Energy Transfer |
| Sellers(s) |
Stonepeak
Diamondback Energy |
| Deal Type | Add-on Acquisition |
| Deal Value | 3.3B USD |
| Advisor(s) | Jefferies (Financial) Sidley (Legal) |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Energy Services and Equipment |
| Employees | 16,248 |
| Revenue | 82.7B USD (2024) |
Energy Transfer is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. Energy Transfer was incorporated in 1996 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 13 |
| Sector: Energy Services and Equipment M&A | 6 of 6 |
| Type: Add-on Acquisition M&A Deals | 7 of 7 |
| State: Texas M&A | 7 of 7 |
| Country: United States M&A | 12 of 12 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-16 |
Crestwood
Houston, Texas, United States Crestwood is a master limited partnership that owns and operates midstream businesses in multiple shale resource plays across the United States. The company is engaged in the gathering, processing, treating, compression, and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; gathering, storage, terminalling, and marketing of crude oil; and gathering and disposal of produced water. Crestwood was founded in 2001 and is based in Houston, Texas. |
Buy | $7.1B |
Stonepeak is a private equity firm focused on North American infrastructure investing. Specific areas of interest include energy assets, power/renewables, transportation, utilities, water, and communications. Stonepeak was formed in 2011 and is headquartered in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector: Energy Services and Equipment M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 2 of 2 |
| State: Texas M&A | 2 of 2 |
| Country: United States M&A | 8 of 9 |
| Year: 2024 M&A | 1 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-03-25 |
TerraWind Renewables
Tokyo, Japan TerraWind Renewables is an onshore wind developer and IPP covering the APAC region. The company focused on developing and operating onshore wind energy projects. TerraWind Renewables was founded in 2024 and is based in Tokyo, Japan. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-07-21 |
Arvida Group
Auckland, New Zealand Arvida Group is a retirement village operator that offers a range of living options to meet the needs of aged individuals including independent living and hospital-level care. Arvida Group was founded in 2014 and is based in Auckland, New Zealand. |
Buy | $1.3B |
| Category | Company |
|---|---|
| Founded | 2007 |
| Sector | Oil/Gas Exploration |
| Employees | 1,983 |
| Revenue | 11.0B USD (2024) |
Diamondback Energy is an independent oil and natural gas company focused on the acquisition, development, exploration, and exploitation of unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. Diamondback's activities are primarily focused on the horizontal exploitation of multiple intervals within the Wolfcamp, Spraberry, Clearfork, Bone Spring, and Cline formations. Diamondback Energy was founded in 2007 and is based in Midland, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Energy Services and Equipment M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Texas M&A | 2 of 3 |
| Country: United States M&A | 2 of 3 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-02-12 |
Endeavor Energy Resources
Midland, Texas, United States Endeavor is an oil/gas exploration and production company. The company holds ~470,000 net acres across multiple basins, inclusive of 344,000 net acres in the core 6 Midland basin counties. Endeavor Energy Resources was formed in 1979 and is based in Midland, Texas. |
Buy | $26.0B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-09-02 |
Environmental Disposal Systems
Austin, Texas, United States Environmental Disposal Systems is a provider of sustainable produced water management services. Environmental Disposal Systems is based in Austin, Texas. |
Sell | $750M |
