M&A Deal Summary

Paradigm Energy Partners Acquires WPX Energy - Van Hook Gathering System

On September 6, 2018, Paradigm Energy Partners acquired energy services and equipment company WPX Energy - Van Hook Gathering System from Ares Private Equity Group

Acquisition Highlights
  • This is Paradigm Energy Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Paradigm Energy Partners’ 1st transaction in the United States.
  • This is Paradigm Energy Partners’ 1st transaction in North Dakota.

M&A Deal Summary

Date 2018-09-06
Target WPX Energy - Van Hook Gathering System
Sector Energy Services and Equipment
Buyer(s) Paradigm Energy Partners
Sellers(s) Ares Private Equity Group
Deal Type Add-on Acquisition

Target

WPX Energy - Van Hook Gathering System

Williston Basin, North Dakota, United States
WPX Energy's Van Hook Gathering System consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas. WPX Energy's Van Hook Gathering System is based in Williston Basin, North Dakota.

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Buyer(S) 1

Buyer

Paradigm Energy Partners

Dallas, Texas, United States

Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Paradigm Energy Partners is focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Dakota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 32 of 59
Sector: Energy Services and Equipment M&A 2 of 4
Type: Add-on Acquisition M&A Deals 8 of 17
State: North Dakota M&A 1 of 1
Country: United States M&A 26 of 47
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Paradigm Energy Partners

Dallas, Texas, United States

Paradigm Energy Partners is focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-28 Simmons

Atlanta, Georgia, United States

Simmons is the second-largest bedding manufacturer in the United States and a world leader in pocketed coil spring technology. Simmons mattresses are distributed under renowned brand names such as Beautyrest and BackCare.

Sell -