M&A Deal Summary

RAM Energy Resources Acquires Ascent Energy

On November 29, 2007, RAM Energy Resources acquired oil/gas exploration company Ascent Energy from Jefferies Capital Partners

Acquisition Highlights
  • This is RAM Energy Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is RAM Energy Resources’ 1st transaction in the United States.
  • This is RAM Energy Resources’ 1st transaction in Texas.

M&A Deal Summary

Date 2007-11-29
Target Ascent Energy
Sector Oil/Gas Exploration
Buyer(s) RAM Energy Resources
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition

Target

Ascent Energy

Plano, Texas, United States
Ascent Energy, Inc. was acquired by RAM Energy Resources, Inc. Ascent Energy, Inc., an independent natural gas and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in Texas, Oklahoma, Louisiana, and the Appalachian region.

Search 214,356 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

RAM Energy Resources

Tulsa, Oklahoma, United States

Category Company
Founded 1997
Sector Energy Services and Equipment
DESCRIPTION

RAM Energy Resources is an independent oil and gas company engaged in the acquisition, exploration, exploitation and development of oil and natural gas properties and the production of oil and natural gas.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2007 M&A 1 of 1

Seller(S) 1

SELLER

Jefferies Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.


DEAL STATS #
Overall 21 of 28
Sector: Oil/Gas Exploration M&A 4 of 4
Type: Add-on Acquisition M&A Deals 13 of 17
State: Texas M&A 4 of 5
Country: United States M&A 20 of 27
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-16 Novation Companies

Kansas City, Missouri, United States

Novation Companies owns and operates early-stage businesses in the technology-enabled services industry. Novation Companies was founded in 1996 and is based in Kansas City, Missouri.

Buy $49M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-01 United Maritime Group

Tampa, Florida, United States

United Maritime Group is a U.S-based water transportation company that handles coal, petroleum coke, phosphate, grain and other bulk commodities in the U.S and internationally. It operates U.S. United Ocean Services, a U.S-flag oceangoing fleet; U.S United Barge Line, a river barge fleet on the U.S inland waterways; U.S United Bulk Terminal, a dry-bulk commodity deep-water transfer and storage terminal; and U.S United Bulk Logistics, which combines the global resources of United Maritime Group into customized and integrated transportation and distribution systems for its customers.

Buy $405M