M&A Deal Summary

McKenna Gale Capital, Clairvest Group and Constitution Capital Partners Acquire Light Tower Rentals

On January 10, 2008, private equity firms McKenna Gale Capital, Clairvest Group and Constitution Capital Partners acquired energy services and equipment company Light Tower Rentals

Acquisition Highlights
  • This is McKenna Gale Capital’s 1st, Clairvest Group’s 1st and Constitution Capital Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is McKenna Gale Capital’s 4th, Clairvest Group’s 4th and Constitution Capital Partners’ 4th transaction in the United States.
  • This is McKenna Gale Capital’s 1st, Clairvest Group’s 1st and Constitution Capital Partners’ 2nd transaction in Texas.
Investment Fate
  • Light Tower Rentals was recapitalized in 2016.
  • Light Tower Rentals merged with another company in 2017.

M&A Deal Summary

Date 2008-01-10
Target Light Tower Rentals
Sector Energy Services and Equipment
Buyer(s) McKenna Gale Capital
Clairvest Group
Constitution Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Light Tower Rentals

Odessa, Texas, United States
Light Tower Rentals, Inc. is a diversified specialty equipment rental company focused on oil and gas operations in the prolific Permian Basin, with yards in other leading U.S. basins including the SCOOP/STACK, Eagle Ford, Bakken and Marcellus. LTR’s core equipment rental fleet includes mobile natural gas and diesel driven power generators, light towers, mobile housing units, field heaters and fluid handling products, which are all supported by a best in class service platform.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 3

Buyer

McKenna Gale Capital

Toronto, Ontario, Canada

Category Private Equity Firm
Founded 1995
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

McKenna Gale Capital is a Canadian independent provider of mid-market mezzanine debt and common equity financing. McKenna looks for companies with a total enterprise value in excess of $25 million, and seeks to commit to $7 million to $75 million per transaction. The firm invests in a wide range of industries excluding real estate development, primary mining and primary oil and gas. Investments include management buyouts, acquisitions, expansion and growth capital, and go-private transactions. McKenna Gale Capital was founded in 1995 and is based in Toronto, Ontario.


DEAL STATS #
Overall 6 of 6
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 5
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Winters Bros. Waste Systems

Danbury, Connecticut, United States

Winters Bros. Waste Systems provides waste removal, garbage collection, and container services. Its services include commercial rubbish and recycling, residential services, construction demolition, and transfer stations. Winters Bros. Waste Systems was founded in 1950 and is based in Danbury, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Keyes Packaging Group

Wenatchee, Washington, United States

Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

Sell -
Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 15 of 57
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 24
State: Texas M&A 1 of 4
Country: United States M&A 4 of 32
Year: 2008 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-04 Winters Bros. Waste Systems

Danbury, Connecticut, United States

Winters Bros. Waste Systems provides waste removal, garbage collection, and container services. Its services include commercial rubbish and recycling, residential services, construction demolition, and transfer stations. Winters Bros. Waste Systems was founded in 1950 and is based in Danbury, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-21 Casino Marina del Sol

Talcahuano, Chile

The Casino Marina del Sol is the largest casino in Chile. It is in the city of Talcahuano. It opened in 2005 under a Chilean law allowing casinos. It contains a casino, hotel, gym, spa, disco, museum, and car park.

Buy -
Buyer
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 5 of 89
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 21
State: Texas M&A 2 of 8
Country: United States M&A 4 of 83
Year: 2008 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-17 London Broadcasting

Addison, Texas, United States

London Broadcasting is a media company that owns and operates local television and radio stations in small and mid-sized markets in Texas and surrounding states. London Broadcasting was founded in 2007 and is based in Addison, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-02 ConvaTec

Reading, United Kingdom

ConvaTec is a global medical products and technologies company that provides advanced wound care, ostomy care, continence, and critical care, and infusion devices. ConvaTec was formed in 1972 and is based in Reading, United Kingdom.

Buy $4.1B