M&A Deal Summary

Louisiana Marine Operators Acquires Lafeyette Workboat Holdings

On November 2, 2012, Louisiana Marine Operators acquired marine company Lafeyette Workboat Holdings from Lime Rock Partners

Acquisition Highlights
  • This is Louisiana Marine Operators’ 1st transaction in the Marine sector.
  • This is Louisiana Marine Operators’ 1st transaction in the United States.
  • This is Louisiana Marine Operators’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2012-11-02
Target Lafeyette Workboat Holdings
Sector Marine
Buyer(s) Louisiana Marine Operators
Sellers(s) Lime Rock Partners
Deal Type Divestiture

Target

Lafeyette Workboat Holdings

Broussard, Louisiana, United States
Lafayette Workboat Holdings provides marine transportation services to the oil and gas and other sectors in the Gulf of Mexico, Gulf Intracoastal Waterway, and lower Mississippi River markets. Lafayette provides workboats for the oil and gas industry and towboats to transport barges and other equipment for a variety of sectors. Lafeyette Workboat Holdings is based in Broussard, Louisiana.

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Buyer(S) 1

Buyer

Louisiana Marine Operators

Broussard, Louisiana, United States
Category Company
Sector Transportation
DESCRIPTION

Louisiana Marine Operators is a provider of transportation on the Intracoastal Waterway between Florida and Texas and procuring equipment for construction, drilling and production projects in the Oil Patch. Louisiana Marine Operators is based in Broussard, Louisiana.

DEAL STATS #
Overall 1 of 1
Sector (Marine) 1 of 1
Type (Divestiture) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1

Seller(S) 1

SELLER

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 18 of 62
Sector (Marine) 1 of 2
Type (Divestiture) 1 of 3
State (Louisiana) 1 of 1
Country (United States) 7 of 29
Year (2012) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 SmartSynch

Jackson, Mississippi, United States

SmartSynch, is a provider of point-to-point smart grid solutions that utilize a cellular network for communications, has more than 130 customers, including nine of the top ten utilities in North America. Most recently, SmartSynch’s technology was selected by Consumers Energy to meet the needs of a full cellular smart grid network deployment for 1.9 million electric residential and commercial & industrial customers.

Sell $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Shelf Drilling

Dubai, United Arab Emirates

Shelf Drilling is an offshore jack-up rig operator engaged in the drilling and completion of offshore oil and gas wells. Shelf Drilling conducts drilling operations in Southeast Asia, the Middle East, India, West Africa, and North Africa / Mediterranean markets with a fleet of 37 independent-leg cantilever jack-up rigs and one swamp barge. Shelf Drilling was founded in 2012 and is based in UAE.

Buy $1.1B
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