M&A Deal Summary

Juggernaut Capital Partners and NGP Energy Technology Partners Acquire Penn Power Group

On January 12, 2012, private equity firm Juggernaut Capital Partners and corporate investor NGP Energy Technology Partners acquired energy services and equipment company Penn Power Group for 66M USD

Acquisition Highlights
  • This is Juggernaut Capital Partners’ 1st and NGP Energy Technology Partners’ 6th transaction in the Energy Services and Equipment sector.
  • This is Juggernaut Capital Partners’ and NGP Energy Technology Partners’ 2nd largest (disclosed) transaction.
  • This is Juggernaut Capital Partners’ 7th and NGP Energy Technology Partners’ 15th transaction in the United States.
  • This is Juggernaut Capital Partners’ 2nd and NGP Energy Technology Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2012-01-12
Target Penn Power Group
Sector Energy Services and Equipment
Buyer(s) Juggernaut Capital Partners
NGP Energy Technology Partners
Deal Type Special Situations/Distressed
Deal Value 66M USD

Target

Penn Power Group

Philadelphia, Pennsylvania, United States
Penn Power Group is a aftermarket repair and maintenance services provider and an authorized distributor for trucking and power generation original equipment manufacturers in exclusive territories across the US. Penn Power Group was founded in 1977 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 2

Buyer

Juggernaut Capital Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Juggernaut Capital Partners (JCP) is a private equity firm that targets middle market consumer products and business services companies throughout the US. The Firm seeks majority and minority stakes where it can commit $10 to $50 million of equity capital. JCP will consider a variety of transaction types, including buyouts, restructurings, and recapitalizations. Juggernaut Capital Partners was formed in 2009 and is based in Washington DC.


DEAL STATS #
Overall 7 of 32
Sector (Energy Services and Equipment) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Pennsylvania) 2 of 3
Country (United States) 7 of 31
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 VOSS Water

New York, New York, United States

VOSS Water is an ultra-premium water brand. Voss still and sparkling products are marketed in 47 countries around the world and are available in the finest hotels and restaurants, as well as in food, drug, and natural retailers. VOSS Water was founded in 1998 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-25 Ceuta Healthcare Group

Bournemouth, United Kingdom

Ceuta Healthcare Group is a international outsource partner within health and beauty. Ceuta builds brands, sells, markets and distributes for client partners ranging from startups to large multinationals. Ceuta Healthcare Group offers its expertise to deliver great results, bespoke and innovative solutions ­ adding value to its clients, making Ceuta an invaluable business partner. Ceuta Healthcare Group was founded in 1994 and is based in Bournemouth, United Kingdom.

Buy -
Buyer

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 16 of 23
Sector (Energy Services and Equipment) 6 of 10
Type (Special Situations/Distressed) 1 of 1
State (Pennsylvania) 2 of 2
Country (United States) 15 of 21
Year (2012) 1 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Living Earth

Dallas, Texas, United States

Living Earth is a manufacturer and provider of mulch, compost, and other landscaping materials in the State of Texas. The Company operates thirteen locations, primarily in the metropolitan areas of Dallas and Houston, selling to commercial contractors and nurseries. Living Earth was founded in 1985 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Environmental Drilling Solutions

Lafayette, Louisiana,

Environmental Drilling Solutions LLC is a provider of mobile cuttings drying units, pressure washers, and rig vacuum systems to the oil & gas industry.

Sell -