M&A Deal Summary

International-Matex Tank Terminals Acquires Epic Midstream

On August 2, 2017, International-Matex Tank Terminals acquired energy services and equipment company Epic Midstream from White Deer Energy and Blue Water Energy for 172M USD

Acquisition Highlights
  • This is International-Matex Tank Terminals’ 1st transaction in the Energy Services and Equipment sector.
  • This is International-Matex Tank Terminals’ largest (disclosed) transaction.
  • This is International-Matex Tank Terminals’ 1st transaction in the United States.
  • This is International-Matex Tank Terminals’ 1st transaction in Texas.

M&A Deal Summary

Date 2017-08-02
Target Epic Midstream
Sector Energy Services and Equipment
Buyer(s) International-Matex Tank Terminals
Sellers(s) White Deer Energy
Blue Water Energy
Deal Type Add-on Acquisition
Deal Value 172M USD

Target

Epic Midstream

Houston, Texas, United States
Epic Midstream is an independent liquid bulk storage and logistics solutions provider. Epic successfully bridges the gap between supply and demand centers through efficient logistics planning and expert management. With a flexible approach to every customer's unique requirements, Epic manages the storage and transportation requirements for many of the world's leading market participants. Epic Midstream was founded in 2011 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

International-Matex Tank Terminals

New Orleans, Louisiana, United States

Category Company
Founded 1939
Sector Energy Services and Equipment
DESCRIPTION

International-Matex Tank Terminals, Inc. (IMTT) is a provider of handling and storage of bulk liquid products through its ownership and operation of ten terminals in the U.S. and two additional facilities in Canada. The terminals handle petroleum (primarily refined), chemical, and vegetable and animal oil products for customers including refiners, commodities traders, and specialty chemical manufacturers. Customers retain ownership of the bulk liquids, as well as responsibility for ensuring those products. IMTT is the lessor of its more than 45 million barrels of storage capacity. International-Matex Tank Terminals was formed in 1939 and is based in New Orleans, Louisiana.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 International-Matex Tank Terminals - Georgia Terminals

Savannah, Georgia, United States

International-Matex Tank Terminals' Georgia Terminals provides energy services in Savannah, Georgia.

Sell -

Seller(S) 2

SELLER

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.


DEAL STATS #
Overall 8 of 17
Sector (Energy Services and Equipment) 6 of 13
Type (Add-on Acquisition) 5 of 9
State (Texas) 3 of 7
Country (United States) 8 of 15
Year (2017) 3 of 4
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 RockPile Energy Services

Denver, Colorado, United States

RockPile Energy Services LLC is a growth oriented oil services company providing engineered completions solutions to oil and gas exploration and production companies primarily in the Williston and Permian Basins. RockPile Energy Services was founded in 2011 and is based in Denver, Colorado.

Sell $285M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Extract

Tulsa, Oklahoma, United States

Extract Companies is an artificial lift company. Through its Extract Production Services and Hoss Pump Systems subsidiaries, Extract provides ESP, Gas Lift, and Horizontal Pump Systems to the oil production and saltwater disposal markets in the US. Extract is based in Tulsa, Oklahoma.

Buy -
DESCRIPTION

Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.


DEAL STATS #
Overall 1 of 8
Sector (Energy Services and Equipment) 1 of 5
Type (Add-on Acquisition) 1 of 6
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 Mime Petroleum

Oslo, Norway

Mime Petroleum is a new exploration, development, and production company focused on the Norwegian Continental Shelf. Mime Petroleum's vision is to build a major NCS independent E&P company, through building a material portfolio of producing and commercial reserves and driving post-acquisition investment activity. Mime Petroleum is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-12 Authentix

Addison, Texas, United States

Authentix is a pioneer in developing and delivering authentication solutions for the protection of high-value consumables such as refined oil and gas supplies (e.g. gasoline, diesel, lubes, and LPG). For over twenty years Authentix has assisted governments, IOCs, NOCs and consumers in combating illicit trade and securing their supply chains’ integrity. Authentix is based in Addison, Texas.

Buy -