M&A Deal Summary

Kolmar Group AG Acquires Endicott Biofuels

On December 1, 2018, Kolmar Group AG acquired renewable energy company Endicott Biofuels from Haddington Ventures

Acquisition Highlights
  • This is Kolmar Group AG’s 1st transaction in the Renewable Energy sector.
  • This is Kolmar Group AG’s 1st transaction in the United States.
  • This is Kolmar Group AG’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-12-01
Target Endicott Biofuels
Sector Renewable Energy
Buyer(s) Kolmar Group AG
Sellers(s) Haddington Ventures
Deal Type Add-on Acquisition

Target

Endicott Biofuels

Houston, Texas, United States
Endicott Biofuels LLC is a developer of biodiesel and bio-derived products. Endicott Biofuels is based in Houston, Texas.

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Buyer(S) 1

Buyer

Kolmar Group AG

Zug, Switzerland
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Kolmar Group AG id s manufacturer and marketer of petrochemical, petroleum, and renewable fuels. Kolmar Group is based in Zug, Switzerland.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Haddington Ventures

Houston, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Haddington Ventures is a specialist private equity firm focused on investments in the midstream energy sector. Specific areas of interest within midstream include gathering and separation; processing treating and separation; storage; and pipelines. Haddington targets control investments that require equity investments of $20 to $70 million with an enterprise value of up to $250 million. Haddington Ventures was formed in 1998 and is based in Houston, Texas.

DEAL STATS #
Overall 9 of 11
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 6 of 6
State (Texas) 4 of 5
Country (United States) 9 of 11
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Sawtooth Caverns

Delta, Utah, United States

Sawtooth Caverns is a provider of natural gas liquids (NGLs) storage service in the Western United States (PADD IV and V markets). The facility currently has 5 caverns with a combined storage capacity of 6.2 million barrels, which provides storage of propane, normal butane, and refinery grade butanes. Sawtooth Caverns is based in Delta, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-20 IACX Energy

Dallas, Texas, United States

IACX Energy constructs and operates a standardized fleet of proprietary gas treating assets that remove nitrogen from natural gas at or near the wellhead. IACX also captures and purifies helium from natural gas (where present), a very valuable by-product that sells for over 100X the price of natural gas. IACX Energy was founded in 2006 and is based in Dallas, Texas.

Sell -
Mergr

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