Investment Summary

NGP and Old Ironsides Energy Invest In Mora Energy

On April 14, 2025, private equity firms NGP and Old Ironsides Energy invested in energy services and equipment company Mora Energy

Investment Highlights
  • This is NGP’s 17th and Old Ironsides Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is NGP’s 68th and Old Ironsides Energy’s 1st transaction in the United States.
  • This is NGP’s 41st and Old Ironsides Energy’s 1st transaction in Texas.

Investment Summary

Date 2025-04-14
Target Mora Energy
Sector Energy Services and Equipment
Investor(s) NGP
Old Ironsides Energy
Deal Type Growth Capital

Target

Mora Energy

Dallas, Texas, United States
Mora Energy is an independent energy company focused on developing and acquiring critical energy infrastructure. Mora Energy is based in Dallas, Texas.

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Investor(S) 2

Investor

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 78 of 80
Sector: Energy Services and Equipment M&A 17 of 17
Type: Growth Capital M&A Deals 30 of 32
State: Texas M&A 41 of 42
Country: United States M&A 68 of 70
Year: 2025 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-31 Infinity Natural Resources

Morgantown, West Virginia, United States

Infinity is a growth-oriented, free-cash-flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. The company's operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as its stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. Infinity Natural Resources is based in Morgantown, West Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-18 EV Realty

San Anselmo, California, United States

EV Realty develops, owns, and operates high-powered EV charging hubs designed to solve a critical barrier to fleet electrification: access to reliable, low-cost, scalable grid power. EV Realty was founded in 2021 and is based in San Anselmo, Caifornia.

Buy -
DESCRIPTION

Old Ironsides Energy is a private investment group focused on acquiring and developing assets in the upstream and midstream sectors of the oil and gas industry in the United States and Canada. The Firm looks to make direct investments in oil/gas companies, leases, and wells, as well as direct investments in midstream assets such as gathering lines and processing, treatment and compression facilities. Old Ironsides Energy was established in 2013 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1