M&A Deal Summary

Mill City Capital and Pohlad Companies Acquire MBI Energy Services

On September 1, 2010, private equity firm Mill City Capital and Pohlad Companies acquired energy services and equipment company MBI Energy Services

Acquisition Highlights
  • This is Mill City Capital’s 1st and Pohlad Companies’ 1st transaction in the Energy Services and Equipment sector.
  • This is Mill City Capital’s 1st and Pohlad Companies’ 1st transaction in the United States.
  • This is Mill City Capital’s 1st and Pohlad Companies’ 1st transaction in North Dakota.
Investment Fate
  • MBI Energy Services was sold to a financial buyer in 2018.

M&A Deal Summary

Date 2010-09-01
Target MBI Energy Services
Sector Energy Services and Equipment
Buyer(s) Mill City Capital
Pohlad Companies
Deal Type Buyout (LBO, MBO, MBI)

Target

MBI Energy Services

Belfield, North Dakota, United States
MBI Energy Services, Inc. is a provider of oilfield services in the Williston Basin of North Dakota and Montana. The company provides services that address the fluid management and related transportation needs for the entire life of an oil well. MBI Energy Services was founded in 1979 and is based in Belfield, North Dakota.

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Buyer(S) 2

Buyer

Mill City Capital

Wayzata, Minnesota, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Mill City Capital is a private equity firm that makes control investments in lower middle market companies with enterprise values ranging between $15 and $100 million. Mill City concentrates on businesses located in the upper Midwest. Areas of interest include industrial products/services, machinery, distribution, consumer products, and food. Mill City Capital is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 13
Sector: Energy Services and Equipment M&A 1 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 7
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 10
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 Union Tractor

Nisku, Alberta, Canada

Union Tractor is a distributor of replacement parts for construction equipment in Western Canada. The Company currently distributes over 100,000 parts for construction equipment sourced from almost 2,000 active suppliers. Union Tractor operates from seven strategic locations throughout Alberta and British Columbia. Union Tractor was founded in 1927 and is based in Nisku, Alberta.

Buy -
Buyer

Pohlad Companies

Minneapolis, Minnesota, United States

Category Company
Founded 1955
Sector Financial Services
Employees2,500
DESCRIPTION

Pohlad Companies is comprised of diverse businesses that employ more than 2,500 across the U.S. Founded by Carl R. Pohlad in the 1950s and now managed by his three sons Jim, Bob and Bill, the more than 25 businesses operate in financial services/banking; commercial real estate; automotive sales; sports and entertainment, including the Minnesota Twins, a Major League Baseball franchise; and investments in privately held companies.


DEAL STATS #
Overall 1 of 2
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2010 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 MBI Energy Services

Belfield, North Dakota, United States

MBI Energy Services, Inc. is a provider of oilfield services in the Williston Basin of North Dakota and Montana. The company provides services that address the fluid management and related transportation needs for the entire life of an oil well. MBI Energy Services was founded in 1979 and is based in Belfield, North Dakota.

Sell -