M&A Deal Summary

Platform Partners Acquires Expedition Water

On December 1, 2013, private equity firm Platform Partners acquired energy services and equipment company Expedition Water

Acquisition Highlights
  • This is Platform Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Platform Partners’ 11th transaction in the United States.
  • This is Platform Partners’ 1st transaction in Colorado.

M&A Deal Summary

Date 2013-12-01
Target Expedition Water
Sector Energy Services and Equipment
Buyer(s) Platform Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Expedition Water

Greeley, Colorado, United States
Expedition Water is an oilfield wastewater disposal infrastructure company with principal operations in the Denver-Julesburg Basin (“DJ Basin”) / Niobrara play of Colorado. Expedition Water was founded in 2013 and is based in Greeley, Colorado.

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Buyer(S) 1

Buyer

Platform Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Platform Partners is a private holding company that makes investments in small to mid-sized companies with a history of 'operating profitability'. The platform looks for growth situations and seeks to invest up to $75 million of equity capital per transaction. Prospective transaction situations include management-led buyouts of private companies, recapitalization of family-owned companies, and growth capital commitments to pursue strategic acquisitions. The Firm will consider both majority and minority positions. Platform Partners was formed in 2006 and is based in Houston, Texas.


DEAL STATS #
Overall 11 of 28
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 13
State (Colorado) 1 of 1
Country (United States) 11 of 28
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-14 Landmark FBO

Houston, Texas, United States

Landmark FBO, LLC (“Landmark”) is a provider of fueling and ground support services to the general and commercial aviation markets through its network of fixed base operations (“FBOs”). Landmark is the 3rd largest network of FBOs in North America with a presence at high volume airports such as Washington Dulles and Los Angeles International. In addition to FBOs, the company provides MRO services, aircraft charter and management, aircraft fueling and information technology support services to the U.S. military through long-term contracts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Dynamic Glass

Houston, Texas, United States

Dynamic Glass is a glass and glazing contractor that provides custom design, drafting, fabrication, and installation of exterior and interior glass and aluminum window systems for new commercial construction projects and renovations of existing buildings. Dynamic Glass was founded in 1990 and is based in Houston, Texas.

Buy -