M&A Deal Summary

Mammoth Energy Service Acquires Chieftain Sand and Proppant

On May 26, 2017, Mammoth Energy Service acquired manufacturer Chieftain Sand and Proppant from ECP and Lynwood Capital Partners for 36M USD

Acquisition Highlights
  • This is Mammoth Energy Service’s 1st transaction in the Manufacturing sector.
  • This is Mammoth Energy Service’s largest (disclosed) transaction.
  • This is Mammoth Energy Service’s 1st transaction in the United States.
  • This is Mammoth Energy Service’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2017-05-26
Target Chieftain Sand and Proppant
Sector Manufacturing
Buyer(s) Mammoth Energy Service
Sellers(s) ECP
Lynwood Capital Partners
Deal Type Add-on Acquisition
Deal Value 36M USD

Target

Chieftain Sand and Proppant

Garland, Arkansas, United States
Chieftain Sand and Proppant LLC is a manufacturer and supplier of frac sand and proppants for natural gas and oil wells, as well as a producer of industrial minerals for specialty markets and aggregates for the construction industry. Chieftain Sand and Proppant was founded in 2009 and is based in Garland, Arkansas.

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Buyer(S) 1

Buyer

Mammoth Energy Service

Oklahoma, Oklahoma, United States
Category Company
Founded 2016
Sector Oil/Gas Exploration
Employees733
Revenue 309M USD (2023)
DESCRIPTION

Mammoth Energy Service is an operator of growth-oriented oilfield service company serving companies engaged in the exploration and development of North American onshore unconventional oil and natural gas reserves. Mammoth Energy Service was founded in 2016 and is based in Oklahoma City.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arkansas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 2

SELLER

ECP

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 27.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ECP is a specialist private equity firm focused on investments in energy infrastructure. Specific areas of interest include power generation, including renewable energy facilities; electric transmission; midstream gas, including gas storage and pipelines; and other energy service businesses and infrastructure assets. The Firm primarily targets opportunities located in North America. ECP was formed in 2005 and is based in Summit, New Jersey.

DEAL STATS #
Overall 16 of 24
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 8 of 12
State (Arkansas) 1 of 1
Country (United States) 16 of 22
Year (2017) 3 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-16 ProPetro

Midland, Texas, United States

ProPetro is an oilfield services company that provides hydraulic fracturing and other complementary services to upstream oil and gas companies engaged in the exploration and production, or E&P, of North American unconventional oil and natural gas resources. The Company's operations are primarily focused in the Permian Basin, where ProPetro has cultivated longstanding customer relationships with some of the region's most active and well-capitalized E&P companies, including Callon Petroleum, Diamondback Energy, Parsley Energy, Pioneer Natural Resources, Surge Energy and XTO Energy. ProPetro was founded in 2005 and is based in Midland, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-18 Calpine

Houston, Texas, United States

Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Company fleet of 80 power plants in operation or under construction represents approximately 26,000 megawatts of generation capacity. Through wholesale power operations and retail businesses Calpine Energy Solutions and Champion Energy, Company serve customers in 25 states, Canada and Mexico. Calpine clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. Company are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.

Buy $5.6B
SELLER

Lynwood Capital Partners

Denver, Colorado, United States
Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Lynwood Capital Partners, Inc. is a private equity firm focused on investments in lower middle-market businesses valued from $1 to $100 million. Lynwood does not have any sector preferences and generally targets 'highly focused companies serving niche markets'. Lynwood will consider both majority or minority ownership and will fund a variety of transaction situations, including, management buyouts, acquisitions, recapitalizations, corporate divestitures, growth financings, startups, and consolidations. Lynwood Capital Partners, Inc. was formed in 1989 and is based in Denver, Colorado.

DEAL STATS #
Overall 6 of 6
Sector (Manufacturing) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Arkansas) 1 of 1
Country (United States) 6 of 6
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Rocket Seals

Denver, Colorado, United States

Rocket Seals is a distributor of seals and O-rings to the OEM and repair and maintenance markets. Rocket Seals was founded in 1956 and is based in Denver, Colorado.

Buy -
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