Merger • Business Services

Knight Energy Services Acquires IronGate Energy Services

On January 1, 2018, Knight Energy Services acquired business services company IronGate Energy Services from Clearlake Capital

Acquisition Context
  • This is Knight Energy Services’ 1st transaction in the Business Services sector.
  • This is Knight Energy Services’ 1st transaction in the United States.
  • This is Knight Energy Services’ 1st transaction in Texas.

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M&A Deal Summary

Date January 1, 2018
Target IronGate Energy Services
Sector Business Services
Buyer(s) Knight Energy Services
Sellers(s) Clearlake Capital
Deal Type Merger

Target Company

IronGate Energy Services

Houston, Texas, United States
IronGate Energy Services is a provider of rental and tubular services to the oil and natural gas exploration and production operators in North America.
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Buyer Overview 1

Buyer

Knight Energy Services

Houston, Texas, United States

Category Company
Sector Business Services
DESCRIPTION

Knight Energy Services is an oilfield rental tool company. It supplies a wide offering of rental equipment and services for drilling, completion, and well control activities serving a diverse base of oil and natural gas E&P operators. Knight Energy Services is based in Houston, Texas.


Deal Context for Buyer #
Overall 1 of 2
Sector: Business Services 1 of 2
Type: Merger 1 of 1
State: Texas 1 of 2
Country: United States 1 of 2
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Platinum Pipe Rentals

Odessa, Texas, United States

Platinum Pipe Rentals is a drill pipe and tubing rental operation focused on the Permian Basin and the Eagle Ford Shale. Platinum Pipe Rentals was founded in 2011 and is based in Odessa, Texas.

Buy -

Seller Profile 1

SELLER

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


Deal Context for Seller #
Overall 21 of 39
Sector: Business Services 2 of 3
Type: Merger 5 of 5
State: Texas 4 of 6
Country: United States 20 of 36
Year: 2018 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-13 Knight Energy Services

Houston, Texas, United States

Knight Energy Services is an oilfield rental tool company. It supplies a wide offering of rental equipment and services for drilling, completion, and well control activities serving a diverse base of oil and natural gas E&P operators. Knight Energy Services is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-10 Perforce

Minneapolis, Minnesota, United States

Perforce is a provider of enterprise-scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility, and scale during all phases of the development lifecycle. Perforce was founded in 1995 and is headquartered in Minneapolis, Minnesota.

Buy -