M&A Deal Summary

Morgan Stanley Energy Partners Acquires Specialized Desanders

On March 21, 2018, private equity firm Morgan Stanley Energy Partners acquired energy services and equipment company Specialized Desanders from Triangle Capital and HKW

Acquisition Highlights
  • This is Morgan Stanley Energy Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Morgan Stanley Energy Partners’ 1st transaction in Canada.
  • This is Morgan Stanley Energy Partners’ 1st transaction in Alberta.

M&A Deal Summary
Date 2018-03-21
Target Specialized Desanders
Sector Energy Services and Equipment
Buyer(s) Morgan Stanley Energy Partners
Sellers(s) Triangle Capital
HKW
Deal Type Secondary Buyout

Target

Specialized Desanders

Calgary, Alberta, Canada
Specialized Desanders is a oilfield equipment company that specializes in engineering, assembling, distributing, and servicing patented, high-pressure equipment that efficiently removes sand and other solids during the well flowback and production process. Specialized Desanders has longstanding relationships with top Canadian E&P firms and has been growing rapidly in the U.S. market. The Company was co-founded by Chris Hemstock in 2001 and has built a world-class reputation for technical innovation, reliability, and service. Specialized Desanders was founded in 2001 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Morgan Stanley Energy Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Size Large
Type Sector Focused
DESCRIPTION

Morgan Stanley Energy Partners is an investment group within Morgan Stanley focused on opportunities in the energy sector. The group looks to invest in North American companies valued between $50 million and $1 billion. Prospective situations include corporate carve-outs, management buyouts, founder-led recapitalizations, platform build-ups, and growth equity investments. Morgan Stanley Energy Partners is based in New York City.

DEAL STATS #
Overall 6 of 9
Sector (Energy Services and Equipment) 1 of 3
Type (Secondary Buyout) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Mission Creek Resources

The Woodlands, Texas, United States

Mission Creek Resources is an oil producer in Arkansas with oil and natural gas assets located in the Dorcheat Macedonia and McKamie Patton Fields. The company also owns a midstream system comprised of 133 miles of gathering pipeline and a processing plant with two trains of throughput capacity. Mission Creek Resources is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 Presidio Petroleum

Fort Worth, Texas, United States

Presidio Petroleum is a oil and gas efficiency company acquire, operate, and optimize producing oil and gas properties through best-in-class operations and targeted development of proved reserves in established U.S. onshore basins. with assets located in the western Anadarko Basin of Texas and Oklahoma. Presidio Petroleum was founded in 2018 and is based in Fort Worth, Texas.

Buy -

Seller(S) 2

SELLER

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 52 of 72
Sector (Energy Services and Equipment) 3 of 3
Type (Secondary Buyout) 21 of 28
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 2 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-05 Community Medical Group

North Miami Beach, Florida, United States

Community Medical Holdings Corp. is a provider of primary care physician services primarily to Medicaid eligible patients. Community Medical Holdings Corp. was established in 2002 and is based in North Miami Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-10 Wheel Pros

Greenwood Village, Colorado, United States

Wheel Pros is a designer, marketer, and distributor of branded automotive aftermarket wheels, performance tires, and accessories. Wheel Pros was founded in 1995 and is based in Greenwood Village, Colorado.

Sell -
SELLER

HKW

Indianapolis, Indiana, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1903
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Hammond Kennedy Whitney & Company (HKW) is a private equity firm focused on making control investments in mid-sized, 'market leading' companies generating sales of $5 to $75 million. HKW looks for companies with low risk for technological obsolescence, defined growth strategies, and talented management who want to own equity. Target transaction situations include industry consolidations, corporate divestitures, generational changes in ownership, growth equity, management buy-outs and recapitalizations. HKW prefers North American based opportunities. HKW dates back to 1903, however the Firm transitioned from sole to institutional investors in 2001. The Firm has offices in Indianapolis and New York City.

DEAL STATS #
Overall 30 of 38
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 15 of 19
State (Alberta) 1 of 3
Country (Canada) 4 of 8
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 TitanGPS

Edmonton, Alberta, Canada

Certified Tracking Solutions develops software for applications ranging from specialized fleet management telematics solutions to consumer-based GPS tracking and vehicle control systems. Certified Tracking Solutions was founded in 2004 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-20 Proact Services

Ludington, Michigan, United States

Proact Services Corp. is a provider of an innovative air and water treatment solutions customized to meet the requirements of specific environmental issues. Proact Services is based in Ludington, Michigan.

Sell $132M
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