M&A Deal Summary

Odyssey Investment Partners Acquires Cross Country Pipeline Supply

On June 19, 2013, private equity firm Odyssey Investment Partners acquired energy services and equipment company Cross Country Pipeline Supply

Acquisition Highlights
  • This is Odyssey Investment Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Odyssey Investment Partners’ 32nd transaction in the United States.
  • This is Odyssey Investment Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2013-06-19
Target Cross Country Pipeline Supply
Sector Energy Services and Equipment
Buyer(s) Odyssey Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Cross Country Pipeline Supply

Aurora, Colorado, United States
Cross Country Pipeline Supply provides specialized equipment to the domestic pipeline construction industry for rent and sale. The Company’s customers are typically pipeline contractors engaged by energy companies to construct new pipeline or retrofit or repair existing lines. Cross Country also sells consumable parts and supplies.

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Buyer(S) 1

Buyer

Odyssey Investment Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 8.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Odyssey Investments is a private equity firm that seeks control/majority investments in middle-market companies. Odyssey looks to back existing management and make investments in the form of leveraged acquisitions, growth financings and recapitalizations. Sectors of interest include industrial manufacturing, business and financial services, aerospace products and services, and 'route-based services'. Odyssey Investment Partners is based in New York City with an additional office in Woodland Hills, California.


DEAL STATS #
Overall 34 of 52
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 18 of 20
State (Colorado) 1 of 1
Country (United States) 32 of 49
Year (2013) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-13 Fischbein

Statesville, North Carolina, United States

Fischbein designs, manufactures, and distributes packaging and material handling equipment. The Company offers filling, weighing, closing, handling, palletizing equipment, and sewing and sealing equipment. Fischbein is headquartered in Statesville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-22 TNT Crane & Rigging

Houston, Texas, United States

TNT Crane & Rigging is a mobile crane rental company serving the Louisiana and Oklahoma region. TNT provides crane rental and rigging services primarily to the refinery, oil & gas, petrochemical, power and commercial end markets. The Company owns one of the largest and most diverse mobile crane fleets in the region, with cranes ranging in size from 15-tons to 800-tons. TNT Crane & Rigging was founded in 1985 and is based in Houston, Texas.

Sell -