M&A Deal Summary

Oaktree Capital Management Acquires Universal Plant Services

On September 1, 2020, asset manager Oaktree Capital Management acquired energy services and equipment company Universal Plant Services from MML

Acquisition Highlights
  • This is Oaktree Capital Management’s 5th transaction in the Energy Services and Equipment sector.
  • This is Oaktree Capital Management’s 62nd transaction in the United States.
  • This is Oaktree Capital Management’s 8th transaction in Texas.

M&A Deal Summary

Date 2020-09-01
Target Universal Plant Services
Sector Energy Services and Equipment
Buyer(s) Oaktree Capital Management
Sellers(s) MML
Deal Type Secondary Buyout

Target

Universal Plant Services

Deer Park, Texas, United States
Universal Plant Services is a service provider for the energy industry, providing project management, installation, maintenance and repair services for rotating and fixed equipment for daily maintenance requirements, turnarounds, and capital projects. Universal Plant Services was founded in 1986 and is based in Deer Park, Texas.

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Buyer(S) 1

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 96 of 129
Sector: Energy Services and Equipment M&A 5 of 5
Type: Secondary Buyout M&A Deals 20 of 24
State: Texas M&A 8 of 11
Country: United States M&A 62 of 83
Year: 2020 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-22 Montrose

North Little Rock, California, United States

Montrose is an environmental services provider offering measurement and analytical services as well as environmental resiliency and sustainability solutions to clients across a wide array of sectors. Montrose’s qualified engineers, scientists, technicians, associates, and policy experts are proud of their collective expertise and the collaborative nature of our approach to helping clients. Montrose strives to optimize environmental resiliency in a way that effectively complements its clients’ decision-making and operations and efficiently fulfills its project requirements. Montrose was formed in 2012 and is based in North Little Rock, Arkansas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-28 Zzoomm

Oxford, United Kingdom

Zzoomm is a provider of fiber-optic infrastructure and services. The company provides a fiber-to-the-home broadband network which is significantly faster than the typical network operator. Zzoomm was founded in 2018 and is based in Oxford, United Kingdom.

Buy £100M

Seller(S) 1

SELLER

MML

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MML Capital Partners is an investment firm that targets subordinated debt and traditional private equity investments across the US and Europe. MML Capital looks for transactions requiring €5 million and €200 million of capital to support expansion financing, management buyouts, recapitalizations, leveraged buyouts, and take privates. MML Capital invested more than €2 billion across 11 countries. MML Capital was formed in 1988 and has offices in London, Paris, and Stamford, Connecticut.


DEAL STATS #
Overall 31 of 38
Sector: Energy Services and Equipment M&A 3 of 3
Type: Secondary Buyout M&A Deals 16 of 19
State: Texas M&A 3 of 3
Country: United States M&A 9 of 9
Year: 2020 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-13 Learning Curve Group

County Durham, United Kingdom

Learning Curve Group is a provider of training services and further education providers, as well as working directly with learners and employers offering high-quality education and training. Learning Curve Group was established in 2004 and is based in County Durham, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-16 Roboyo

Nurnberg, Germany

Roboyo is a robotic process automations (“RPA”) service provider. Roboyo was formed in 2015 and is based in Nurnberg, Germany.

Buy -