Trade Sale • Energy Services and Equipment

Haddington Ventures Exits Magnum Energy

On September 12, 2023, invested in energy services and equipment company Magnum Energy from Haddington Ventures

Investment Context
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Utah.
Investment Fate
  • Magnum Energy was sold to a strategic buyer in 2023.

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Investment Summary

Date September 12, 2023
Target Magnum Energy
Sector Energy Services and Equipment
Sellers(s) Haddington Ventures
Deal Type Trade Sale

Target Company

Magnum Energy

Holladay, Utah, United States
Magnum Energy is multi-purpose integrated energy storage and power generation project that is being developed to serve natural gas liquids, refined products, natural gas, and power markets in the Western United States. Magnum Energy is based in Holladay, Utah.
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Seller Profile 1

SELLER

Haddington Ventures

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Haddington Ventures is a specialist private equity firm focused on investments in the midstream energy sector. Specific areas of interest within midstream include gathering and separation; processing treating and separation; storage; and pipelines. Haddington targets control investments that require equity investments of $20 to $70 million with an enterprise value of up to $250 million. Haddington Ventures was formed in 1998 and is based in Houston, Texas.


Deal Context for Seller #
Overall 11 of 11
Sector: Energy Services and Equipment 3 of 3
Type: Trade Sale 1 of 1
State: Utah 2 of 2
Country: United States 11 of 11
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 IACX Energy

Dallas, Texas, United States

IACX Energy constructs and operates a standardized fleet of proprietary gas treating assets that remove nitrogen from natural gas at or near the wellhead. IACX also captures and purifies helium from natural gas (where present), a very valuable by-product that sells for over 100X the price of natural gas. IACX Energy was founded in 2006 and is based in Dallas, Texas.

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