M&A Deal Summary

Latshaw Drilling & Exploration Co. Acquires Keen Energy Services

On October 17, 2012, Latshaw Drilling & Exploration Co. acquired energy services and equipment company Keen Energy Services from Chartwell Investments Entrepreneur & Founder Capital

Acquisition Highlights
  • This is Latshaw Drilling & Exploration Co.’s 1st transaction in the Energy Services and Equipment sector.
  • This is Latshaw Drilling & Exploration Co.’s 1st transaction in the United States.
  • This is Latshaw Drilling & Exploration Co.’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2012-10-17
Target Keen Energy Services
Sector Energy Services and Equipment
Buyer(s) Latshaw Drilling & Exploration Co.
Sellers(s) Chartwell Investments Entrepreneur & Founder Capital
Deal Type Add-on Acquisition

Target

Keen Energy Services

Stillwater, Oklahoma, United States
Keen Energy Services is a provider of contract drilling services for oil and gas exploration and production companies, primarily in the mid-continent region of the United States. It is consistently one of Oklahoma's most active drilling contractors.

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Buyer(S) 1

Buyer

Latshaw Drilling & Exploration Co.

Tulsa, Oklahoma, United States

Category Company
Founded 1981
Sector Energy Services and Equipment
DESCRIPTION

Latshaw Drilling’s fleet is now composed of 41 rigs and 1,000 employees, making it the second largest privately owned drilling contractor in the US. Most of the rigs are late-model, diesel-electric units.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

Chartwell Investments Entrepreneur & Founder Capital

New York, New York, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Chartwell Investments is a private equity firm that invests in US-based, mid-sized companies with 'strong market positions, sound business models, and meaningful growth prospects'. Areas of interest include consumer products, light manufacturing, distribution, infrastructure, natural resources, energy, building products, and business services. Chartwell seeks to invest $10 to $200 million of equity in transactions that include buyouts, recapitalization, and growth equity financings. The Firm has a special interest in solving family succession issues, intricate tax and public securities problems, as well as creating strategic partnerships. Chartwell will also consider turnaround situations or companies requiring operational improvement. Chartwell Investments was formed in 1992 and is based in New York City.


DEAL STATS #
Overall 5 of 8
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Oklahoma M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Datascan

Irving, Texas, United States

Datascan is a provider of inventory self-scanning services to retailers in order to facilitate a variety of physical inventory counting needs. Datascan enables retailers to use their most knowledgeable assets – their own people – to conduct inventories. Datascan was founded in 1970 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-06 Effox-Flextor-Mader

LaGrange, Ohio, United States

Effox-Flextor-Mader is an engineer, designer, and manufacturer of industrial dampers. Effox-Flextor-Mader offers a full portfolio of damper products for industrial and utility airflow control applications. Effox-Flextor-Mader can fully customize equipment to customer specifications with a variety of control options. Effox-Flextor-Mader is based in LaGrange, Ohio.

Buy -