Investment Summary

Fisher Capital Partners and EIG Partners Invest In NGL

On July 1, 2019, private equity firm Fisher Capital Partners and asset manager EIG Partners invested in energy services and equipment company NGL

Investment Highlights
  • This is Fisher Capital Partners’ 1st and EIG Partners’ 13th transaction in the Energy Services and Equipment sector.
  • This is Fisher Capital Partners’ 4th and EIG Partners’ 27th transaction in the United States.
  • This is Fisher Capital Partners’ 1st and EIG Partners’ 3rd transaction in Oklahoma.

Investment Summary

Date 2019-07-01
Target NGL
Sector Energy Services and Equipment
Investor(s) Fisher Capital Partners
EIG Partners
Deal Type Stake Purchase

Target

NGL

Tulsa, Oklahoma, United States
NGL operates a vertically integrated energy business with three operating segments: midstream, wholesale supply and marketing, and retail propane. NGL was founded in 1940 and is based in Tulsa, Oklahoma.

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Investor(S) 2

Investor

Fisher Capital Partners

Englewood, Colorado, United States

Category Private Equity Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

Fisher Capital is a family run and owned private investment firm focused on private equity and commercial real estate opportunities. Within private equity, Fisher generally looks to invest $1 to $5 million in smaller, privately owned companies operating in basic industries. Sectors of interest include light manufacturing, consumer products/services, and financial services. Fisher typically acts as a 'hands-off' investor, but will support portfolio companies with administrative/advisory help if needed. Fisher Capital was formed in 1991 and is based in Denver, Colorado.


DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 West Edge

Denver, Colorado, United States

West Edge operates an integrated energy business with five primary business segments: refined petroleum products, crude oil, natural gas liquids (NGLs), natural gas and water. West Edge is based in Denver, Colorado.

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Investor

EIG Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.


DEAL STATS #
Overall 40 of 55
Sector: Energy Services and Equipment M&A 13 of 17
Type: Stake Purchase M&A Deals 12 of 16
State: Oklahoma M&A 3 of 3
Country: United States M&A 27 of 34
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-12 Birch Permian

Houston, Texas, United States

Birch Permian is a privately held E&P company focused on the development and operation of oil and gas properties in the Permian Basin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-10 STX Midstream

Texas, United States

STX Midstream owns a portfolio of operational, long-term contracted natural gas pipeline infrastructure assets in Texas, including the NET Mexico Pipeline that provides a source of natural gas transportation for low-cost, US-sourced gas to Mexico.

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