M&A Deal Summary

Hastings Equity Partners Acquires Wright Trucking

On May 1, 2012, private equity firm Hastings Equity Partners acquired transportation company Wright Trucking for 11M USD

Acquisition Highlights
  • This is Hastings Equity Partners’ 2nd transaction in the Transportation sector.
  • This is Hastings Equity Partners’ largest (disclosed) transaction.
  • This is Hastings Equity Partners’ 11th transaction in the United States.
  • This is Hastings Equity Partners’ 2nd transaction in Texas.

M&A Deal Summary
Date 2012-05-01
Target Wright Trucking
Sector Transportation
Buyer(s) Hastings Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 11M USD
Advisor(s) Oaklins International, Inc. (Financial)

Target

Wright Trucking

Perryton, Texas, United States
Wright Trucking is a provider of fluid management logistics and disposal services for oil and gas exploration and development companies to support production in the Granite Wash and Barnett shale plays.

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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 12 of 34
Sector (Transportation) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 7 of 13
State (Texas) 2 of 11
Country (United States) 11 of 33
Year (2012) 2 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Foster Testing

Waltham, Massachusetts, United States

Foster Testing is a provider of acidizing services and kill trucks to E&P companies so that wells can be shut down, cleaned, or worked-over in the same markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-01 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.

Buy -
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