M&A Deal Summary

Phillips & Jordan Acquires Pinnacle Materials - Wyoming Division

On September 12, 2013, Phillips & Jordan acquired energy services and equipment company Pinnacle Materials - Wyoming Division from Pinnacle Materials

Acquisition Highlights
  • This is Phillips & Jordan’s 1st transaction in the Energy Services and Equipment sector.
  • This is Phillips & Jordan’s 1st transaction in the United States.
  • This is Phillips & Jordan’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2013-09-12
Target Pinnacle Materials - Wyoming Division
Sector Energy Services and Equipment
Buyer(s) Phillips & Jordan
Sellers(s) Pinnacle Materials
Deal Type Divestiture

Target

Pinnacle Materials - Wyoming Division

Wyoming, Minnesota, United States
Pinnacle Materials - Wyoming Division is a regional provider of high-quality aggregate materials to the oil and gas industry

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Buyer(S) 1

Buyer

Phillips & Jordan

Knoxville, Tennessee, United States

Category Company
Sector Construction
DESCRIPTION

Phillips & Jordan, Inc. provides general and specialty contractor services across the United States. P&J offers a range of services including land clearing, earthmoving, underground utilities, erosion control, storm drainage and debris management to numerous end markets.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1

Seller(S) 1

SELLER

Pinnacle Materials

Sulphur Springs, Texas, United States

Category Company
Sector Building Materials
DESCRIPTION

Pinnacle Materials, LLC is a provides aggregate materials, soil stabilization products and steel manufactured goods to the oil and gas industry across various oil & gas basins across the country.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-20 Pinnacle Materials Eagle Ford Division

Dilley, Texas, United States

EFD is the dominant market leader in the region, operating out of six mines, producing high quality aggregate material used to build and maintain roads and well pads in the oil-rich Eagle Ford Shale region.

Sell -