M&A Deal Summary

NGP Acquires Iron Oak Energy

On November 4, 2024, private equity firm NGP acquired metals/mining company Iron Oak Energy

Acquisition Highlights
  • This is NGP’s 4th transaction in the Metals/Mining sector.
  • This is NGP’s 66th transaction in the United States.
  • This is NGP’s 40th transaction in Texas.

M&A Deal Summary

Date 2024-11-04
Target Iron Oak Energy
Sector Metals/Mining
Buyer(s) NGP
Deal Type Buyout (LBO, MBO, MBI)

Target

Iron Oak Energy

The Woodlands, Texas, United States
Iron Oak Energy is a diversified proppant provider in North America with nine active production facilities and the capability to supply every major shale basin across North America. The Company provides in-basin sand to operators from strategically positioned facilities in the Permian Basin and Eagle Ford Shale and supplies premium northern white sand to operators primarily in the Marcellus, Utica, Bakken, and DJ Basins. Iron Oak Energy is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 76 of 80
Sector: Metals/Mining M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 36 of 37
State: Texas M&A 40 of 42
Country: United States M&A 66 of 70
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Black Mountain Sand

Fort Worth, Texas, United States

Black Mountain Sand delivers superior in-basin frac sand solutions to companies in the Exploration & Production (E&P) industry. Black Mountain Sand is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Alva Energy

Cambridge, Massachusetts, United States

Alva Energy is focused on streamlining the deployment of nuclear energy projects.The company’s approach centers on improving delivery efficiency, likely through modular systems and process optimization. Alva Energy was formed in 2023 and is based in Cambridge, Massachusetts.

Buy -