M&A Deal Summary |
|
|---|---|
| Date | 2020-05-01 |
| Target | Lufkin |
| Sector | Machinery |
| Buyer(s) |
KPS Capital Partners
White Deer Energy |
| Sellers(s) | Baker Hughes |
| Deal Type | Divestiture |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1991 |
| PE ASSETS | 13.4B USD |
| Size | Mega |
| Type | Sector Agnostic |
KPS Capital Partners is a private investment firm that targets special situations including turnarounds, restructurings, bankruptcies, and corporate divestitures. KPS' target investment size is $100 million to $1 billion in businesses with minimum revenues of $250 million. The Firm has specific interest in companies engaged in the manufacturing, transportation, and service industries. KPS will not consider investments in high technology, financial services, telecommunications, broadcast media, real estate and natural resources. The Firm's geographic coverage spans the US, Canada, and Europe. KPS Capital Partners was formed in 1991 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 38 of 53 |
| Sector (Machinery) | 5 of 6 |
| Type (Divestiture) | 16 of 22 |
| State (Texas) | 3 of 4 |
| Country (United States) | 32 of 40 |
| Year (2020) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-10 |
IKG
Houston, Texas, United States IKG is a manufacturer of high-quality steel and aluminum bar grating, with manufacturing plants throughout North America. From power plants to petroleum refineries, shipyards to large scale factories, IKG services major businesses throughout the industrial sector. |
Buy | $85M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-20 |
Briggs & Stratton
Wauwatosa, Wisconsin, United States Briggs & Stratton is a producer of gasoline engines for outdoor power equipment, and is a designer, manufacturer and marketer of power generation, pressure washer, lawn and garden, turf care and job site products through its Briggs & Stratton, Simplicity, Snapper, Ferris, Vanguard, Allmand, Billy Goat, Murray, Branco, and Victa brands. Briggs & Stratton products are designed, manufactured, marketed, and serviced in over 100 countries on six continents. Briggs & Stratton was formed in 1908 and is based in Milwaukee, Wisconsin. |
Buy | $550M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2008 |
| PE ASSETS | 2.7B USD |
| Size | Large |
| Type | Sector Focused |
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 | 23 of 30 |
| Sector (Machinery) | 2 of 2 |
| Type (Divestiture) | 3 of 3 |
| State (Texas) | 10 of 14 |
| Country (United States) | 21 of 27 |
| Year (2020) | 3 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-03-16 |
Ranger Energy Services
Houston, Texas, United States Ranger Energy Services is an provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-08-18 |
Stuart Pressure Control
The Woodlands, Texas, United States Stuart Pressure Control provides flowback services and related pressure control equipment and services to E&P customers, primarily in South Texas (Eagle Ford Shale), East Texas (Haynesville Shale), Arkansas (Fayetteville Shale) and Ohio (Utica Shale). The Company provides high pressure equipment to handle various services required during the completion and production of oil and gas wells. |
Sell | - |
| Category | Company |
|---|---|
| Sector | Energy Services and Equipment |
| Employees | 57,000 |
| Revenue | 25.5B USD (2023) |
Baker Hughes is a provider of oilfield services, products, technology and systems to the worldwide oil and natural gas industry. The company operates in more than 80 countries helping customers find, evaluate, drill, produce, transport and process hydrocarbon resources. Baker Hughes is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Machinery) | 3 of 3 |
| Type (Divestiture) | 8 of 10 |
| State (Texas) | 6 of 6 |
| Country (United States) | 7 of 9 |
| Year (2020) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-18 |
Cooper Machinery Services
Houston, Texas, United States Cooper Machinery Services is an OEM and aftermarket solutions provider of machinery that transports natural gas. Cooper supplies parts and aftermarket services to a large installed base of highly respected brands. The company's brands include Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC, and Joy. Cooper Machinery Services was founded in 1833 and is based in Houston, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-27 |
NuCera Solutions
Barnsdall, Oklahoma, United States NuCera Solutions engages in the development and manufacture of highly differentiated specialty polymers for markets that require high quality and performance: Adhesives, Candles, Coatings, Imaging, Masterbatches, Personal Care, and Plastics. NuCera Solutions is based in Barnsdall, Oklahoma. |
Sell | - |
