Investment Summary

Platte River Equity and Stellus Capital Management Invest In DTE

On April 25, 2018, private equity firms Platte River Equity and Stellus Capital Management invested in energy services and equipment company DTE

Investment Highlights
  • This is Platte River Equity’s 7th and Stellus Capital Management’s 1st transaction in the Energy Services and Equipment sector.
  • This is Platte River Equity’s 24th and Stellus Capital Management’s 7th transaction in the United States.
  • This is Platte River Equity’s 4th and Stellus Capital Management’s 1st transaction in Illinois.

Investment Summary

Date 2018-04-25
Target DTE
Sector Energy Services and Equipment
Investor(s) Platte River Equity
Stellus Capital Management
Deal Type Growth Capital

Target

DTE

Addison, Illinois, United States
DTE provides powertrain and transmission repair and maintenance services for customers in the energy, industrial and mining end markets. DTE repairs all major OEM platforms, including Allison, Caterpillar and Twin Disc. The company operates nine service centers covering all major U.S. shale basins and mining regions and manages an inventory of company-owned and customer-provided powertrains and transmissions. DTE was founded in 1975 and is based in Addison, Illinois.

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Investor(S) 2

Investor

Platte River Equity

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Platte River Equity is a private equity firm focused on investing in small and middle-market private companies based in the US. Platte River generally invests $25 to $100 million of equity capital per transaction and looks for businesses that can benefit from the Firm's operating expertise. Sectors of interest include aerospace manufacturing and services, metals, chemicals, energy and energy services, natural resources, financial services, and communications. Platte River typically targets control investment situations, but will opportunistically pursue minority investments. Platte River Equity was formed in 2006 and is based in Denver, Colorado.


DEAL STATS #
Overall 25 of 34
Sector: Energy Services and Equipment M&A 7 of 7
Type: Growth Capital M&A Deals 4 of 5
State: Illinois M&A 4 of 4
Country: United States M&A 24 of 33
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-12 First River Energy

Denver, Colorado, United States

First River Energy LLC is a provider of crude oil gathering and marketing services tailored to the small independent crude oil producer and end-user of the crude oil. First River Energy was founded in 2014 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 Vertical Supply Group

Greensboro, North Carolina, United States

Vertical Supply Group is a manufacturer, distributor, and direct e-commerce retailer of arborist tools, rescue and fall protection equipment. Vertical Supply Group was founded in1960 and is based in Greensboro, North Carolina.

Buy -
Investor

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 7 of 86
Sector: Energy Services and Equipment M&A 1 of 2
Type: Growth Capital M&A Deals 1 of 24
State: Illinois M&A 1 of 7
Country: United States M&A 7 of 83
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 Cars Protection Plus

Murrysville, Pennsylvania, United States

Cars Protection Plus, Inc. is a provider of vehicle service contracts (“VSCs”) to independent and franchise dealerships throughout the United States. Cars Protection Plus was founded in 1998 and is based in Murrysville, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-15 ABX

Charlotte, North Carolina, United States

ABX is a flexible packaging manufacturer of high barrier forming web films primarily for the North American protein, cheese, and specialty food end markets. ABX’s multi-layer cast films require a high level of manufacturing complexity and are critical for shelf life extension, spoilage reduction, and food safety. ABX was founded in 2005 and is based in Charlotte, North Carolina.

Buy -