M&A Deal Summary

Mountain Capital Management Acquires Compass Production Partners

On July 5, 2016, private equity firm Mountain Capital Management acquired oil/gas exploration company Compass Production Partners from HGI Energy Holdings and EXCO for 145M USD

Acquisition Highlights
  • This is Mountain Capital Management’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Mountain Capital Management’s largest (disclosed) transaction.
  • This is Mountain Capital Management’s 1st transaction in the United States.
  • This is Mountain Capital Management’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2016-07-05
Target Compass Production Partners
Sector Oil/Gas Exploration
Buyer(s) Mountain Capital Management
Sellers(s) HGI Energy Holdings
EXCO
Deal Type Divestiture
Deal Value 145M USD

Target

Compass Production Partners

Tulsa, Oklahoma, United States
Compass Production Partners is an operator of producing, low risk, mature, predictable conventional oil and gas properties in the Permian Basin of West Texas, East Texas and North Louisiana. Compass Production Partners was founded in 2012 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Mountain Capital Management

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Focused
DESCRIPTION

Mountain Capital Management is a private equity firm focused on control investments in the energy sector. The Firm focuses on US-based, middle-market opportunities where the Firm can commit $50 to $150 million per transaction. Mountain Capital Management was formed in 2015 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 3
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 2
Country (United States) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Revolution Resources

Oklahoma, Oklahoma, United States

Revolution Resources is an independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Mid-Continent region of the United States. Revolution Resources is based in Oklahoma City.

Buy -

Seller(S) 2

SELLER

HGI Energy Holdings

United States
Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

HGI Energy Holdings, LLC engages in the oil and natural gas acquisition, exploitation, development and production.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-05 Conventional Oil & Natural Gas Assets - BG Group

United States

Conventional Oil & Natural Gas Assets are in the Danville, Waskom and Holly fields in East Texas and North Louisiana, including and above the Cotton Valley formation.

Buy $131M
SELLER

EXCO

Dallas, Texas, United States
Category Company
Sector Oil/Gas Exploration
Employees153
Revenue 394M USD (2018)
DESCRIPTION

EXCO is an oil and natural gas company engaged in the exploitation, exploration, acquisition, development and production of onshore U.S. oil and natural gas properties with a focus on shale resource plays. EXCO Resources based in Dallas, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-05 Conventional Oil & Natural Gas Assets - BG Group

United States

Conventional Oil & Natural Gas Assets are in the Danville, Waskom and Holly fields in East Texas and North Louisiana, including and above the Cotton Valley formation.

Buy $131M
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