M&A Deal Summary

HBC Investments and Barcas Acquire Getka Energy

On June 17, 2019, family office HBC Investments and Barcas acquired energy services and equipment company Getka Energy from EnCap Flatrock Midstream

Acquisition Highlights
  • This is HBC Investments’ 1st and Barcas’ 1st transaction in the Energy Services and Equipment sector.
  • This is HBC Investments’ 2nd and Barcas’ 1st transaction in the United States.
  • This is HBC Investments’ 1st and Barcas’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2019-06-17
Target Getka Energy
Sector Energy Services and Equipment
Buyer(s) HBC Investments
Barcas
Sellers(s) EnCap Flatrock Midstream
Deal Type Secondary Buyout

Target

Getka Energy

Tulsa, Oklahoma, United States
Getka Energy is a crude oil logistics provider focused on storage, blending, and terminal solutions, as well as pipeline transportation and market optionality for producers across North America and domestic and international marketers. Getka Energy is based in Tulsa, Oklahoma.

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Buyer(S) 2

DESCRIPTION

HBC Investments is a family-backed private investment firm focused on lower middle-market company acquisitions and investments valued from $10 to $50 million. The Firm has a preference for businesses in the Dallas-For Worth metro area where HBC can serve as an active, hands-on investment partner. Prospective investment situations include family business acquisitions, investments to support growth, and corporate divestitures. HBC Investments is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-15 Retirement Advisors of America

Addison, Texas, United States

Retirement Advisors of America is an independent registered investment advisor, specializing in the unique challenges and goals of airline pilots and their families. The company provides personal solutions for retirement planning, investment management, estate planning, survivor assistance, and insurance guidance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-30 Retirement Advisors of America

Addison, Texas, United States

Retirement Advisors of America is an independent registered investment advisor, specializing in the unique challenges and goals of airline pilots and their families. The company provides personal solutions for retirement planning, investment management, estate planning, survivor assistance, and insurance guidance.

Sell -
Buyer

Barcas

Houston, Texas, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Barcas LLC is involved in the acquisition, development, and operation of midstream oil and gas assets. The company’s areas of focus include pipeline, storage, trucking, and other logistics assets.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

EnCap Flatrock Midstream

San Antonio, Texas, United States

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 2008
PE ASSETS 9.0B USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

EnCap Flatrock Midstream is a private investment firm focused on venture related opportunities in the midstream energy sector. EnCap Flatrock seeks majority positions in natural gas gathering, treating, processing and storage; crude oil gathering and transportation; and natural gas liquids fractionation, storage and transportation. EnCap Flatrock Midstream is affiliated with investment firm EnCap Investments, a large diversified energy investment firm. EnCap Flatrock is based in San Antonio, Texas.


DEAL STATS #
Overall 10 of 15
Sector (Energy Services and Equipment) 2 of 3
Type (Secondary Buyout) 4 of 6
State (Oklahoma) 2 of 4
Country (United States) 10 of 15
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-21 Candor Midstream Solutions

Houston, Texas, United States

Candor Midstream Solutions is an independent energy company that provides a full suite of midstream services to oil and gas producers across the U.S. Candor Midstream Solutions was founded in 2017 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-12 Ironwood Midstream Energy Partners II

San Antonio, Texas, United States

Ironwood Midstream Energy Partners II is an independent energy company that provides a full suite of midstream services to oil and gas producers across North America. Ironwood Midstream Energy Partners II was formed in 2019 and is based in San Antonio, Texas.

Buy $400M