M&A Deal Summary

Iron Oak Energy Acquires Black Mountain Sand

On November 4, 2024, Iron Oak Energy acquired metals/mining company Black Mountain Sand from NGP

Acquisition Highlights
  • This is Iron Oak Energy’s 2nd transaction in the Metals/Mining sector.
  • This is Iron Oak Energy’s 2nd transaction in the United States.
  • This is Iron Oak Energy’s 1st transaction in Texas.

M&A Deal Summary

Date 2024-11-04
Target Black Mountain Sand
Sector Metals/Mining
Buyer(s) Iron Oak Energy
Sellers(s) NGP
Deal Type Merger
Advisor(s) Vinson & Elkins (Legal)

Target

Black Mountain Sand

Fort Worth, Texas, United States
Black Mountain Sand delivers superior in-basin frac sand solutions to companies in the Exploration & Production (E&P) industry. Black Mountain Sand is based in Fort Worth, Texas.

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Buyer(S) 1

Buyer

Iron Oak Energy

The Woodlands, Texas, United States

Category Company
Sector Metals/Mining
DESCRIPTION

Iron Oak Energy is a diversified proppant provider in North America with nine active production facilities and the capability to supply every major shale basin across North America. The Company provides in-basin sand to operators from strategically positioned facilities in the Permian Basin and Eagle Ford Shale and supplies premium northern white sand to operators primarily in the Marcellus, Utica, Bakken, and DJ Basins. Iron Oak Energy is based in The Woodlands, Texas.


DEAL STATS #
Overall 2 of 3
Sector: Metals/Mining M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: Texas M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Covia Energy

Independence, Ohio, United States

Covia Energy is a provider of high-quality proppant and logistical solutions, offering in-depth industry expertise, highly reliable operations, and an extensive delivery network to diversified oil and gas markets across North America. The company supplies premium Northern White Sand from strategically located mines delivering products to all major North American shale basins through an expansive rail and terminal network. Covia Energy is based in Independence, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-02 High Roller Sand

Kermit, Texas, United States

High Roller Sand is a hydraulic fracturing sand facility that uses advanced technology for hydraulic fracturing sand production, delivery, and service significantly increases efficiency in our production processes. High Roller Sand is based in Kermit, Texas.

Buy -

Seller(S) 1

SELLER

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 15 of 16
Sector: Metals/Mining M&A 1 of 1
Type: Merger M&A Deals 2 of 2
State: Texas M&A 10 of 10
Country: United States M&A 14 of 15
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Iron Oak Energy

The Woodlands, Texas, United States

Iron Oak Energy is a diversified proppant provider in North America with nine active production facilities and the capability to supply every major shale basin across North America. The Company provides in-basin sand to operators from strategically positioned facilities in the Permian Basin and Eagle Ford Shale and supplies premium northern white sand to operators primarily in the Marcellus, Utica, Bakken, and DJ Basins. Iron Oak Energy is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Alva Energy

Cambridge, Massachusetts, United States

Alva Energy is focused on streamlining the deployment of nuclear energy projects.The company’s approach centers on improving delivery efficiency, likely through modular systems and process optimization. Alva Energy was formed in 2023 and is based in Cambridge, Massachusetts.

Buy -