M&A Deal Summary

Northern Border Partners Acquires Bear Paw Energy

On March 1, 2001, Northern Border Partners acquired energy services and equipment company Bear Paw Energy from CCMP Capital and Haddington Ventures

Acquisition Highlights
  • This is Northern Border Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Northern Border Partners’ 1st transaction in the United States.
  • This is Northern Border Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2001-03-01
Target Bear Paw Energy
Sector Energy Services and Equipment
Buyer(s) Northern Border Partners
Sellers(s) CCMP Capital
Haddington Ventures
Deal Type Add-on Acquisition

Target

Bear Paw Energy

Denver, Colorado, United States
Bear Paw Energy was a midstream natural gas services company engaged in the gathering, processing, treating and compressing of natural gas in the inter-mountain region.

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Buyer(S) 1

Buyer

Northern Border Partners

Omaha, Nebraska, United States

Category Company
Founded 1993
Sector Energy Services and Equipment
DESCRIPTION

Northern Border Partners own and manage pipeline and other midstream energy assets.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1

Seller(S) 2

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 18.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 9 of 78
Sector (Energy Services and Equipment) 1 of 4
Type (Add-on Acquisition) 2 of 22
State (Colorado) 1 of 7
Country (United States) 9 of 61
Year (2001) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-22 Multitel Cable SA

Madrid, Spain

Multitel Cable is a holding company focused on investment opportunities within the Spanish telecom and media sectors. The company owns, both directly and indirectly, a stake in a cable operator in Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-02 Viatel Holding

Surrey, United Kingdom

Viatel Holding Ltd. is a provider of long-distance voice and data services to small and medium-size enterprises, carriers and resellers primarily in Western Europe.

Sell -
SELLER

Haddington Ventures

Houston, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 550M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Haddington Ventures is a specialist private equity firm focused on investments in the midstream energy sector. Specific areas of interest within midstream include gathering and separation; processing treating and separation; storage; and pipelines. Haddington targets control investments that require equity investments of $20 to $70 million with an enterprise value of up to $250 million. Haddington Ventures was formed in 1998 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 11
Sector (Energy Services and Equipment) 1 of 3
Type (Add-on Acquisition) 1 of 6
State (Colorado) 1 of 1
Country (United States) 2 of 11
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Proton OnSite

Wallingford, Connecticut, United States

Proton OnSite (formerly Proton Energy Systems, Inc.) is a global leader in hydrogen energy and innovative gas solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-03-04 Silicon Energy

Alameda, California, United States

Silicon Energy Corp. is a provider of energy management software to reduce energy usage and lower energy costs. This software is used for aggregating "negawatts" or load shedding and for integrating Distributed Generation into the electric grid.

Sell -