Investment Summary

Hastings Equity Partners and One Equity Partners Invest In Imperative

On March 1, 2014, private equity firms Hastings Equity Partners and One Equity Partners invested in chemicals company Imperative

Investment Highlights
  • This is Hastings Equity Partners’ 2nd and One Equity Partners’ 6th transaction in the Chemicals sector.
  • This is Hastings Equity Partners’ 15th and One Equity Partners’ 32nd transaction in the United States.
  • This is Hastings Equity Partners’ 3rd and One Equity Partners’ 4th transaction in Texas.

Investment Summary

Date 2014-03-01
Target Imperative
Sector Chemicals
Investor(s) Hastings Equity Partners
One Equity Partners
Deal Type Growth Capital

Target

Imperative

Midland, Texas, United States
Imperative is a provider of specialty chemicals, in-field technical support and laboratory services to exploration and production and pipeline companies in the most active shale plays in the United States. Imperative is largely focused in the Permian Basin with additional locations in the Eagle Ford, Mid-Continent, Barnett, Bakken and Haynesville Shales. Imperative is based in Midland, Texas.

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Investor(S) 2

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 16 of 34
Sector (Chemicals) 2 of 3
Type (Growth Capital) 4 of 13
State (Texas) 3 of 11
Country (United States) 15 of 33
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Danlin Industries

Thomas, Oklahoma, United States

Danlin Industries, Inc. provides chemicals to support drilling, production, and transportation of oil and natural gas. The company has 24 locations throughout the US and is headquartered in Thomas, OK.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 SPL

Houston, Texas, United States

SPL is an independent provider of critical outsourced hydrocarbon measurement, analysis, and reporting services for oil and gas production and transport in the United States. The Company provides a comprehensive suite of gas and liquid laboratory tests and related field services from its network of 8 labs and 14 field service locations across the U.S. and counts leading independent and major exploration and production companies, as well as midstream operators, among its customers. SPL’s test and measurement services enable its customers to evaluate the composition of the hydrocarbons they are producing to fine-tune production from wells, market products downstream, meet regulatory reporting requirements, and ensure accurate payment of royalties to leaseholders. Southern Petroleum Laboratories was founded in 1944 and is based in Houston, Texas.

Buy -
Investor

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $300 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York City.


DEAL STATS #
Overall 56 of 131
Sector (Chemicals) 6 of 6
Type (Growth Capital) 4 of 17
State (Texas) 4 of 9
Country (United States) 32 of 78
Year (2014) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-05 Cless Cosméticos

Barueri, Brazil

Cless Cosméticos manufactures personal care products. Cless Cosméticos was founded in 2004 and is based in Barueri, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-29 ArthroCare

Austin, Texas, United States

ArthroCare Corp. is a provider of multi-business medical device company that develops, manufactures and markets minimally invasive surgical products. With these products, ArthroCare targets a multi- billion dollar market opportunity across several medical specialties, significantly improving existing surgical procedures and enabling new, minimally invasive procedures.

Sell $1.5B