M&A Deal Summary

Pilot Flying J Acquires Equipment Transport

On November 28, 2018, Pilot Flying J acquired energy services and equipment company Equipment Transport from CIVC Partners

Acquisition Highlights
  • This is Pilot Flying J’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Pilot Flying J’s 4th transaction in the United States.
  • This is Pilot Flying J’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2018-11-28
Target Equipment Transport
Sector Energy Services and Equipment
Buyer(s) Pilot Flying J
Sellers(s) CIVC Partners
Deal Type Add-on Acquisition
Advisor(s) Houlihan Lokey (Financial)
Winston & Strawn (Legal)

Target

Equipment Transport

Carlisle, Pennsylvania, United States
Equipment Transport is a diversified ancillary well site services company. The company provides critical services supporting the Marcellus and Utica Shale drilling and hydraulic fracturing programs of major exploration and production ("E&P") companies. Equipment Transport brings significant value to its E&P customers through a broad service offering that includes fluid transportation, waste management, heavy equipment hauling, and ancillary pad support services.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Pilot Flying J

Knoxville, Tennessee, United States
Category Company
Founded 1958
Sector Retail
Employees20,000
DESCRIPTION
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.
Entrance to Pilot Flying J's corporate headquarters in Knoxville, Tennessee.

Pilot Flying J owns and operates travel centers near interstate highways across the US. The large majority of the Company's locations are concentrated in the Midwest and Southeast of the US. Pilot Flying J was originally established in 1958 and is based in Knoxville, Tennessee.

DEAL STATS #
Overall 4 of 4
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 1 of 1
Country (United States) 4 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-04 Maxum Petroleum

Greenwich, Connecticut, United States

Maxum Petroleum, Inc. is a provider of logistics and energy management services in the United States.

Buy -

Seller(S) 1

SELLER

CIVC Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1970
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CIVC Partners is a private equity firm that provides buyout and growth capital to middle-market businesses located in the US and Canada. CIVC invests in companies generating sales of $40 - $300 million with an EBITDA of $5 to $25 million. Sectors of interest include Business Services, Information Services, Facility Services, Insurance Services, Transportation & Logistics, Tech-enabled Services, BPO, SaaS, Compliance Services, Corporate Training, IT Services, and Utility Services. The firm invests in the range of $20 - $100 million per transaction. CIVC prefers to be the lead equity sponsor and will consider both majority and minority investment situations. CIVC Partners was formed in 1970 and is based in Chicago, Illinois.

DEAL STATS #
Overall 40 of 48
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 12 of 14
State (Pennsylvania) 2 of 3
Country (United States) 40 of 47
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 KPA

Lafayette, Colorado, United States

KPA is a provider of cloud-based EHS risk management solutions for the automotive, collision repair, manufacturing, insurance, and distribution & logistics industries. KPA’s innovative software platform combined with recurring on-site audit/loss control services delivers a comprehensive solution that helps 10,000+ client locations achieve regulatory compliance; control risk; protect assets; and effectively train, retain, and manage people. KPA was founded in 1986 and is based in Lafayette, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Magna Legal Services

Philadelphia, Pennsylvania, United States

Magna is a provider of litigation support services to law firms, corporations, insurance carriers, and government agencies, offering a broad array of services that support clients through each phase of the litigation process, including court reporting, translation, videography, records retrieval, jury evaluation and consulting graphics design, and trial presentation services. Magna Legal Services was founded in 2007 and is based in Philadelphia, Pennsylvania.

Buy -
Mergr

Product

Company

Legal