M&A Deal Summary

Quantum Energy Partners Acquires HG Energy

On January 1, 2017, private equity firm Quantum Energy Partners acquired oil/gas exploration company HG Energy

Acquisition Highlights
  • This is Quantum Energy Partners’ 44th transaction in the Oil/Gas Exploration sector.
  • This is Quantum Energy Partners’ 52nd transaction in the United States.
  • This is Quantum Energy Partners’ 1st transaction in West Virginia.

M&A Deal Summary

Date 2017-01-01
Target HG Energy
Sector Oil/Gas Exploration
Buyer(s) Quantum Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

HG Energy

Parkersburg, West Virginia, United States
HG Energy focused on the acquisition and development of unconventional natural gas assets in the Appalachian basin. HG Energy is based in Parkersburg, West Virginia.

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Buyer(S) 1

Buyer

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 60 of 90
Sector (Oil/Gas Exploration) 44 of 59
Type (Buyout (LBO, MBO, MBI)) 51 of 63
State (West Virginia) 1 of 1
Country (United States) 52 of 79
Year (2017) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Jagged Peak Energy

Denver, Colorado, United States

Jagged Peak Energy, Inc. is an independent oil and natural gas company focused on the acquisition and development of unconventional oil and associated liquids-rich natural gas reserves in the Southern Delaware Basin, a sub-basin of the Permian Basin of West Texas and one of the most prolific unconventional resource plays in North America. Jagged Peak Energy was founded in 2013 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 Cone Gathering

Canonsburg, Pennsylvania, United States

Cone Gathering LLC owns natural gas pipelines in the Marcellus Shale of Pennsylvania and West Virginia.

Buy -