M&A Deal Summary

Lime Rock Partners Acquires Axis Energy Services

On September 1, 2017, private equity firm Lime Rock Partners acquired energy services and equipment company Axis Energy Services

Acquisition Highlights
  • This is Lime Rock Partners’ 31st transaction in the Energy Services and Equipment sector.
  • This is Lime Rock Partners’ 46th transaction in the United States.
  • This is Lime Rock Partners’ 26th transaction in Texas.

M&A Deal Summary

Date 2017-09-01
Target Axis Energy Services
Sector Energy Services and Equipment
Buyer(s) Lime Rock Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Axis Energy Services

Dallas, Texas, United States
Axis Energy Services is an oilfield service company providing a full suite of well service rigs and ancillary rental equipment to E&P operators. Axis Energy Services is based in Dallas, Texas.

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Buyer(S) 1

Buyer

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


DEAL STATS #
Overall 85 of 92
Sector (Energy Services and Equipment) 31 of 33
Type (Buyout (LBO, MBO, MBI)) 54 of 58
State (Texas) 26 of 30
Country (United States) 46 of 51
Year (2017) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Silvertip Completion Services

Midland, Texas, United States

Silvertip Completion Services is an oilfield services company that owns and operates 23 wireline units and a best-in-class pump-down fleet. Silvertip has deep data collection capabilities, a culture of data-driven decision-making, and an established track record of safety, providing operators with efficient wireline and pump-down services including logging, perforating, and pressure control. Silvertip Completion Services was founded in 2017 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 Transform Exploration

Subiaco, Australia

Transform Exploration is an oil and gas exploration company. Transform Exploration was founded in 2012 and is based in Subiaco, Australia.

Sell -