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Merger • Business Services

PetroLedger Financial Services Acquires The Resource Group

On May 3, 2021, PetroLedger Financial Services acquired business services company The Resource Group from Avisto Capital Partners

Acquisition Context
  • This is PetroLedger Financial Services’ 2nd transaction in the Business Services sector.
  • This is PetroLedger Financial Services’ 2nd transaction in the United States.
  • This is PetroLedger Financial Services’ 1st transaction in Oklahoma.

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M&A Deal Summary
Date May 3, 2021
Target The Resource Group
Sector Business Services
Buyer(s) PetroLedger Financial Services
Sellers(s) Avisto Capital Partners
Deal Type Merger

Target Company

The Resource Group

Tulsa, Oklahoma, United States
The Resource Group serves as a specialized accounting firm exclusively focused on the oil and gas industry. With more than 20 years of experience in public and corporate accounting, finance and investment, TRG services E&P firms, private equity sponsors, and family office clients in exploration, production, gas gathering, hydrocarbon processing, crude oil purchasing and natural gas buying. With extensive experience with clients using OGSYS accounting software, TRG has become known as the go-to accounting and consulting firm in Tulsa and across the region. The Resource Group was founded in 1996 and is based in Tulsa, Oklahoma.
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Buyer Overview 1

Buyer

PetroLedger Financial Services

San Antonio, Texas, United States
Category Company
Sector Business Services
DESCRIPTION

PetroLedger Financial Services provides financial and transaction services for the oil and gas industry. PetroLedger is positioned to service future clients' outsourcing requirements across multiple software platforms for any back-office support needs. PetroLedger Financial Services is based in San Antonio, Texas.

Deal Context for Buyer #
Overall 2 of 2
Sector: Business Services 2 of 2
Type: Merger 2 of 2
State: Oklahoma 1 of 1
Country: United States 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Eddye Dreyer Financial Services

Dallas, Texas, United States

Eddye Dreyer Financial Services is a bookkeeping and financial consulting firm. Eddye Dreyer Financial Services is based in Dallas, Texas.

Buy -

Seller Profile 1

SELLER

Avisto Capital Partners

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Avisto Capital Partners is a privately held investment, management and development company that looks to build and acquire regional technical consulting and accounting solutions and services for the oil and gas industry. Avisto seeks businesses with a recurring revenue base, premier service offerings, a leading regional presence and favorable relationships with existing customers. Avisto Capital Partners is based in San Antonio, Texas.

Deal Context for Seller #
Overall 2 of 2
Sector: Business Services 2 of 2
Type: Merger 2 of 2
State: Oklahoma 1 of 1
Country: United States 2 of 2
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-03 Eddye Dreyer Financial Services

Dallas, Texas, United States

Eddye Dreyer Financial Services is a bookkeeping and financial consulting firm. Eddye Dreyer Financial Services is based in Dallas, Texas.

Sell -

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