Investment Summary

Metalmark Capital Exit Camin Cargo

On November 8, 2023, private equity firms Macquarie Capital and SCF Partners invested in energy services and equipment company Camin Cargo from Metalmark Capital

Investment Highlights
  • This is Macquarie Capital’s 6th and SCF Partners’ 19th transaction in the Energy Services and Equipment sector.
  • This is Macquarie Capital’s 12th and SCF Partners’ 27th transaction in the United States.
  • This is Macquarie Capital’s 2nd and SCF Partners’ 21st transaction in Texas.

Investment Summary

Date 2023-11-08
Target Camin Cargo
Sector Energy Services and Equipment
Investor(s) Macquarie Capital
SCF Partners
Sellers(s) Metalmark Capital
Deal Type Secondary Buyout

Target

Camin Cargo

Pasadena, Texas, United States
Camin Cargo is a third-party service provider of mission-critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin Cargo’s 59 branches, located in 15 countries, are strategically located to serve multiple key ports, refineries, and other petroleum product transfer points throughout the United States, Canada, Latin America, and Western Europe. Camin Cargo was founded in 1982 and is based in Pasadena, Texas.

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Investor(S) 2

DESCRIPTION

Macquarie Capital is the principal investing arm of financial services company Macquarie Group. Macquarie Capital has global capability in advisory, capital raising services, and provides clients with specialist expertise, advice and flexible capital solutions across a range of sectors and products including investing alongside partners and clients. Macquarie Capital is based in Sydney, Australia.


DEAL STATS #
Overall 30 of 33
Sector: Energy Services and Equipment M&A 6 of 6
Type: Secondary Buyout M&A Deals 8 of 11
State: Texas M&A 2 of 4
Country: United States M&A 12 of 15
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-12 Ceres

Brentwood, Tennessee, United States

Ceres is a terminal owner and operator provide customers with reliable high-quality cargo handling services through terminal operations 24/7. Ceres was founded in 1958 and is based in Brentwood, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Lordstown Energy Center

Lordstown, Ohio, United States

Lordstown Energy Center is a combined-cycle natural-gas-fueled electric generation facility with a generation capacity of 940MW. The facility began commercial operations in October 2018, and supplies electricity to the Pennsylvania-New Jersey-Maryland market (hereinafter, “PJM market”), which serves more than 60 million customers as North America’s largest wholesale power market. Lordstown Energy Center is based in Lordstown, Ohio.

Sell -
Investor

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 49 of 57
Sector: Energy Services and Equipment M&A 19 of 21
Type: Secondary Buyout M&A Deals 4 of 4
State: Texas M&A 21 of 26
Country: United States M&A 27 of 33
Year: 2023 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Variperm Energy Services

Calgary, Alberta, Canada

Variperm Energy Services is a sand control products and services company specializing in custom filtration screens, flow control technology, gravel pack services, supply of quality cased hole fishing tools and services, well abandonment solutions, and a full suite of completion and work-over tools. Variperm Energy Services was founded in 1969 and is based in Calgary, Alberta.

Sell $150M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-04 Callidus

Balcatta, Australia

Callidus is a provider of high-end flow control solutions to the oil & gas, mining, and renewable energy industries. We specialise in the management, maintenance, servicing and diagnostics of valves, actuators, and instrumentation. Callidus was founded in 1997 and is based in Balcatta, Australia.

Buy -

Seller(S) 1

SELLER

Metalmark Capital

New York, New York, United States

Category Private Equity Firm
Founded 2004
PE ASSETS 8.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Metalmark Capital is an independent private equity group focused on large company transactions in a wide range of industries. Metalmark is a hands-on investment firm looking to build long-term value in its portfolio companies. Broad areas of interest include natural resources/energy, healthcare services, industrials, food, transportation, and financial services. Metalmark was established in 2004 by the former principals of Morgan Stanley Capital Partners to manage the Metalmark Capital and Morgan Stanley Capital Partners funds. Metalmark is based in New York City.


DEAL STATS #
Overall 40 of 40
Sector: Energy Services and Equipment M&A 3 of 3
Type: Secondary Buyout M&A Deals 6 of 6
State: Texas M&A 9 of 9
Country: United States M&A 37 of 37
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Valagro

Atessa, Italy

Valagro SpA is a provider in the production and commercialization of biostimulants and specialty nutrients for use in agricultural production, lawns, gardening and various industrial applications. Valagro also produces special ingredients for animal feed, human food, and cosmetics. Valagro was established in 1980 and is based in Atessa, Italy.

Sell -