M&A Deal Summary |
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Date | 2014-12-02 |
Target | Hoover Ferguson Group |
Sector | Oil/Gas Exploration |
Buyer(s) | First Reserve |
Sellers(s) | OFS Energy Fund |
Deal Type | Secondary Buyout |
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Category | Private Equity Firm |
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Founded | 1983 |
PE ASSETS | 32.0B USD |
Size | Mega |
Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
DEAL STATS | # |
---|---|
Overall | 83 of 109 |
Sector (Oil/Gas Exploration) | 25 of 29 |
Type (Secondary Buyout) | 7 of 10 |
State (Texas) | 26 of 38 |
Country (United States) | 53 of 73 |
Year (2014) | 2 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-06-26 |
PetroFirst Infrastructure
PetroFirst Infrastructure Limited is an exclusively sourced partnership with Petrofac, one of the world’s leading energy services companies. The company owns two contracted floating production and storage facilities and one contracted mobile offshore production unit, all located offshore Southeast Asia. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-12-23 |
Navigator Energy Services
Dallas, Texas, United States Navigator Energy Services, LLC is a growth-oriented, independent midstream company focused on developing and delivering comprehensive midstream infrastructure solutions in response to the growing demand from America’s energy producers. |
Buy | $250M |
Category | Private Equity Firm |
---|---|
Founded | 2008 |
Size | Small |
Type | Sector Focused |
OFS Energy Fund is a private equity fund focused on acquiring and growing lower middle market energy service companies. OFS seeks at least $15 million in companies generating revenue of $5 to $100 million and EBITDA of $1 to $20 million. OFS also looks to provide debt financing to private and public companies as well. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth capital financings, and special situations. OFS Energy is managed by Dorado Energy Partners LLC. The Firm was founded in 2008 and is based in Houston, Texas.
DEAL STATS | # |
---|---|
Overall | 3 of 12 |
Sector (Oil/Gas Exploration) | 1 of 4 |
Type (Secondary Buyout) | 1 of 2 |
State (Texas) | 2 of 9 |
Country (United States) | 3 of 12 |
Year (2014) | 2 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2014-09-30 |
Pro Oil & Gas Services
Houston, Texas, United States Pro Oil & Gas Services LLC is an oilfield services company providing wireline, pumping services, flowback, frac stacks, wireline lubricators and pressure control, surface drilling, solids control, chemical mixing plants and torque and test services. Pro Oil & Gas Services was established in 2011 and is based in Houston, Texas. |
Buy | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2015-10-30 |
Allied Power Group
Houston, Texas, United States Allied Power Group is an independent provider of aftermarket maintenance and repair solutions for heavy-frame IGTs, primarily serving the electric utility industry. APG’s fully-integrated offering includes engineered inspections and repairs, specialized coatings, precision manufacturing of replacement components, experienced field service professionals, multi-faceted rotor repair, and an expansive inventory of refurbished parts. Allied Power Group was founded in 2005 and is based in Houston, Texas. |
Buy | - |