M&A Deal Summary

Harvest Midstream Co. Acquires Paradigm Energy Partners

On February 27, 2023, Harvest Midstream Co. acquired energy services and equipment company Paradigm Energy Partners from Ares Private Equity Group

Acquisition Highlights
  • This is Harvest Midstream Co.’s 4th transaction in the Energy Services and Equipment sector.
  • This is Harvest Midstream Co.’s 4th transaction in the United States.
  • This is Harvest Midstream Co.’s 1st transaction in Texas.

M&A Deal Summary

Date 2023-02-27
Target Paradigm Energy Partners
Sector Energy Services and Equipment
Buyer(s) Harvest Midstream Co.
Sellers(s) Ares Private Equity Group
Deal Type Add-on Acquisition

Target

Paradigm Energy Partners

Dallas, Texas, United States
Paradigm Energy Partners is focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Harvest Midstream Co.

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Harvest Midstream Co. is an entrepreneurial, privately-held midstream service provider. Harvest Midstream safely and responsibly transports and processes oil, natural gas and natural gas liquids across the United States. Harvest Midstream Co. has assets in Alaska, Louisiana, New Mexico, Ohio, Pennsylvania, and Texas.


DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-21 Phillips 66 - Belle Chasse Terminal Facility

Belle Chasse, Louisiana, United States

Phillips 66's Belle Chasse Terminal Facility is a crude oil terminal. This facility sits on approximately 3,200 acres, has 1 million barrels of active storage capacity and two crude oil loading docks. Phillips 66's Belle Chasse Terminal Facility is based in Belle Chasse, Louisiana.

Buy -

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 54 of 59
Sector: Energy Services and Equipment M&A 3 of 4
Type: Add-on Acquisition M&A Deals 15 of 17
State: Texas M&A 4 of 4
Country: United States M&A 43 of 47
Year: 2023 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-23 SSB

Doraville, Georgia, United States

SSB engages in designing, manufacturing and selling sleep products that give consumers the sleep they need to live the lives they want. Serta Simmons primary brands include Serta, Beautyrest, Simmons, and Tuft & Needle brands. SSB was founded in 2010 and is based in Doraville, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-08 WHP Global

New York City, New York, United States

WHP Global acquires and manages consumer brands. The Company seeks out and acquires global consumer brands across all category verticals, and then focuses on building those brands in high-growth distribution channels including digital commerce platforms, product licensing, and through global expansion. WHP Global was founded in 2019 and is based in New York City, New York.

Buy -