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M&A Deal Summary

Hastings Equity Partners Acquires Hybrid Tool Solutions

On October 6, 2015, private equity firm Hastings Equity Partners acquired energy services and equipment company Hybrid Tool Solutions

Acquisition Highlights
  • This is Hastings Equity Partners’ 6th transaction in the Energy Services and Equipment sector.
  • This is Hastings Equity Partners’ 17th transaction in the United States.
  • This is Hastings Equity Partners’ 4th transaction in Oklahoma.

M&A Deal Summary
Date 2015-10-06
Target Hybrid Tool Solutions
Sector Energy Services and Equipment
Buyer(s) Hastings Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cadence Bank
ADI Analytics (Financial)
Locke Lord (Legal)

Target

Hybrid Tool Solutions

Lindsay, Oklahoma, United States
Hybrid Tool Solutions provides its customers with a patent pending, revolutionary process for conducting frac plug drill outs. The Hybrid Tool is the most advanced system on the market because it simplifies the steps involved in stick pipe drill outs and tube ups. In addition to saving time, Hybrid offers its customers a higher safety standard and significant cost savings. Hybrid is active in the Marcellus Shale, Utica Shale and Mid-Continent.

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Buyer(S) 1

Buyer

Hastings Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
Size Middle-Market
Type Sector Focused
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 18 of 34
Sector: Energy Services and Equipment M&A 6 of 9
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 13
State: Oklahoma M&A 4 of 4
Country: United States M&A 17 of 33
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-01 Advanced Precision Products

Palmer, Massachusetts, United States

Advanced Precision Products, Inc. is a provider of tight tolerance, precision machined components and assemblies for the medical, defense, aerospace, oil & gas, automotive and general industrial end markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-31 Mustang Extreme Environmental Services

Fort Worth, Texas, United States

Mustang Extreme Environmental Services provides oilfield environmental containment services in the Marcellus Shale, Utica Shale, Eagle Ford, Permian Basin, and other Mid-Continent sites. The company specializes in the environmental lining, above-ground storage tanks, composite rig mats, secondary steel wall containment systems, and rig vac systems. Mustang Extreme Environmental Services was founded in 2007 and is based in Fort Worth, Texas.

Sell -
Mergr

Solution for

Product

Company

Legal