M&A Deal Summary

Post Oak Energy Capital and Ridgemont Equity Partners Acquire Titan River Energy

On March 27, 2013, private equity firms Post Oak Energy Capital and Ridgemont Equity Partners acquired oil/gas exploration company Titan River Energy for 100M USD

Acquisition Highlights
  • This is Post Oak Energy Capital’s 9th and Ridgemont Equity Partners’ 7th transaction in the Oil/Gas Exploration sector.
  • This is Post Oak Energy Capital’s and Ridgemont Equity Partners’ 18th largest (disclosed) transaction.
  • This is Post Oak Energy Capital’s 14th and Ridgemont Equity Partners’ 71st transaction in the United States.
  • This is Post Oak Energy Capital’s 8th and Ridgemont Equity Partners’ 19th transaction in Texas.

M&A Deal Summary

Date 2013-03-27
Target Titan River Energy
Sector Oil/Gas Exploration
Buyer(s) Post Oak Energy Capital
Ridgemont Equity Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 100M USD

Target

Titan River Energy

Fort Worth, Texas, United States
Titan River Energy is an exploration and production company located in Fort Worth, Texas. The company primarily focuses in the development of Texas shale oil resources via joint ventures, farm-ins, and organic leasing opportunities with existing acreage owners and operators. Titan River Energy was formed in 2013 and is based in Fort Worth, Texas.

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Buyer(S) 2

Buyer

Post Oak Energy Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Focused
DESCRIPTION

Post Oak Energy Capital is a private investment firm focused on growth capital investments US energy companies. Specific areas of interest include exploration and production, oilfield services (manufacturing/distribution), and midstream/related infrastructure assets. Post Oak Energy Capital is based in Houston, Texas.


DEAL STATS #
Overall 14 of 32
Sector (Oil/Gas Exploration) 9 of 25
Type (Buyout (LBO, MBO, MBI)) 8 of 9
State (Texas) 8 of 23
Country (United States) 14 of 32
Year (2013) 3 of 5
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Refinery Specialties

Hempstead, Texas, United States

Refinery Specialties is an oilfield service company focusing on formulating, blending, selling and providing technical support for the use of process and production treating chemicals for the oil field, including production, pipeline, refinery, and gas plants. Refinery Specialties is based in Hempstead, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-08 Maverick Brothers Resources

Enid, Oklahoma, United States

Maverick Brothers is a privately held oil and gas exploitation and production company involved in the horizontal development of oil and natural gas properties located in western Oklahoma.

Buy -
Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 85 of 133
Sector (Oil/Gas Exploration) 7 of 13
Type (Buyout (LBO, MBO, MBI)) 42 of 58
State (Texas) 19 of 32
Country (United States) 71 of 118
Year (2013) 2 of 4
Size (of disclosed) 18 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-30 Unitex

Midland, Texas, United States

Unitex is an upstream exploration and production company. Unitex was established in 2003 and is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-09 Simpleview

Tucson, Arizona, United States

Simpleview is a provider of CRM, CMS, website design, digital marketing services, and data insights for convention bureaus, venues, tourism boards, destination marketing organizations, and attractions. Simpleview was formed in 1991 and is based in Tucson, Arizona.

Buy -