M&A Deal Summary

NGP Energy Technology Partners Acquires Catapult Energy Services

On October 11, 2013, corporate investor NGP Energy Technology Partners acquired energy services and equipment company Catapult Energy Services

Acquisition Highlights
  • This is NGP Energy Technology Partners’ 9th transaction in the Energy Services and Equipment sector.
  • This is NGP Energy Technology Partners’ 18th transaction in the United States.
  • This is NGP Energy Technology Partners’ 6th transaction in Texas.

M&A Deal Summary
Date 2013-10-11
Target Catapult Energy Services
Sector Energy Services and Equipment
Buyer(s) NGP Energy Technology Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Catapult Energy Services

Houston, Texas, United States
Catapult Energy Services is an oilfield service holding company. Catapult is a business accelerator that facilitates fast-track startup of greenfield companies by leveraging technology and shared services to create value through efficiency and shared know how. Catapult Energy Services was formed in 2013 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.

DEAL STATS #
Overall 20 of 23
Sector (Energy Services and Equipment) 9 of 10
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Texas) 6 of 8
Country (United States) 18 of 21
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Zahroof Valves

Houston, Texas, United States

Zahroof Valves manufactures and sells Zahroof Performance Valves (“ZPV”) into the reciprocating gas compressor market based on the world-wide, patent-pending, Modular Reed Valve technology. Zahroof Valves was founded in 2010 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Xunlight

Toledo, Ohio, United States

Xunlight specializes in the development of high-performance, flexible and lightweight solar modules. Through our innovative technology and high-speed roll-to-roll manufacturing process, we are revolutionizing the development of thin-film silicon-based photovoltaic solutions. Xunlight was founded in 2002 and is based in Toledo, Ohio.

Sell -
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