M&A Deal Summary

Keane Group Acquires RockPile Energy Services

On May 18, 2017, Keane Group acquired energy services and equipment company RockPile Energy Services from White Deer Energy for 285M USD

Acquisition Highlights
  • This is Keane Group’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Keane Group’s largest (disclosed) transaction.
  • This is Keane Group’s 2nd transaction in the United States.
  • This is Keane Group’s 1st transaction in Colorado.

M&A Deal Summary

Date 2017-05-18
Target RockPile Energy Services
Sector Energy Services and Equipment
Buyer(s) Keane Group
Sellers(s) White Deer Energy
Deal Type Add-on Acquisition
Deal Value 285M USD

Target

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.

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Buyer(S) 1

Buyer

Keane Group

Houston, Texas, United States

Category Company
Founded 2011
Sector Energy Services and Equipment
DESCRIPTION

Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Trican Well Service - U.S. Assets

United States

Trican Well Service - U.S. Assets is a provider of equipment and services for oil and gas industry in US.

Buy $247M

Seller(S) 1

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 7 of 17
Sector (Energy Services and Equipment) 5 of 13
Type (Add-on Acquisition) 4 of 9
State (Colorado) 2 of 2
Country (United States) 7 of 15
Year (2017) 2 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-09 Crescent Companies

Oklahoma City, Oklahoma, United States

Crescent Companies is a diversified oilfield service company that operates through two primary business segments, Crescent Services and Crescent Consulting. Crescent Services is focused on fluid logistics and provides high and low volume water transfer services to facilitate drilling and hydraulic fracturing operations by pumping water directly to the well site. Crescent Services also offers environmental products and services including erosion control, liners, secondary containment and well site drop-off rentals. Crescent Consulting provides operators with drilling, completion and production professionals, well site supervisors and project specialists on a contract basis.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 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.

Sell $172M