Investment Summary

Ranch Creek Partners, Hillstar Capital and True West Capital Partners Invest In OneCor Services

On September 6, 2017, private equity firms Ranch Creek Partners, Hillstar Capital and True West Capital Partners invested in environmental company OneCor Services

Investment Highlights
  • This is Ranch Creek Partners’ 1st, Hillstar Capital’s 1st and True West Capital Partners’ 1st transaction in the Environmental sector.
  • This is Ranch Creek Partners’ 2nd, Hillstar Capital’s 3rd and True West Capital Partners’ 2nd transaction in the United States.
  • This is Ranch Creek Partners’ 1st, Hillstar Capital’s 1st and True West Capital Partners’ 1st transaction in North Dakota.

Investment Summary

Date 2017-09-06
Target OneCor Services
Sector Environmental
Investor(s) Ranch Creek Partners
Hillstar Capital
True West Capital Partners
Deal Type Growth Capital

Target

OneCor Services

Williston, North Dakota, United States
OneCor Services is a provider of environmental services and acid blending to the oil and gas industry in the Bakken Shale. OneCor is the market leader in selective and bare ground weed control services, as well as environmental remediation services in North Dakota. OneCor Services is also the premier provider of blended acid for the completion, stimulation, and workover of oil and gas wells in the Bakken Shale. OneCor Services is based in Williston, North Dakota.

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Investor(S) 3

DESCRIPTION

Ranch Creek Partners is a private equity investment firm focused on acquiring control positions in public and private middle-market companies. The Firm pursues profitable companies ($2 to $10 million of EBITDA) valued up to $50 million and will consider a variety of transaction situations including successions, buyouts, take privates, divestitures, consolidations, growth capital financings, and special situations. Ranch Creek Partners was established in 2016 and is headquartered in Seattle, Washington.


DEAL STATS #
Overall 2 of 5
Sector (Environmental) 1 of 1
Type (Growth Capital) 2 of 4
State (North Dakota) 1 of 1
Country (United States) 2 of 5
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-16 Apposite Technologies

Los Angeles, California, United States

Apposite Technologies is a developer of a wide-area network (“WAN”) testing software and equipment. Apposite’s tools test the effect of WAN bandwidth, latency, packet loss, and other impairments, allowing users to evaluate the performance of network-based software applications. Apposite Technologies was founded in 2005 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Patriot Erectors

Dripping Springs, Texas, United States

Patriot Erectors is a steel fabrication and erection company that provides turnkey structural and specialty steel services for commercial, industrial, and municipal end markets. Patriot Erectors was founded in 1991 and is based in Dripping Springs, Texas.

Buy -
DESCRIPTION

Hillstar Capital is a private investment firm focused on acquiring and investing in profitable, lower middle-market companies across a variety of industries including business services, consumer, industrial and healthcare. The Firm will consider investing both equity and/or debt. Hillstar Capital was formed in 2014 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 3 of 4
Sector (Environmental) 1 of 1
Type (Growth Capital) 1 of 2
State (North Dakota) 1 of 1
Country (United States) 3 of 4
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-15 Liguria Foods

Humboldt, Iowa, United States

Liguria Foods, Inc. is a producer of high-quality pepperoni, salami, and other premium protein pizza toppings for both pizzerias and sandwich shops.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-23 Patriot Erectors

Dripping Springs, Texas, United States

Patriot Erectors is a steel fabrication and erection company that provides turnkey structural and specialty steel services for commercial, industrial, and municipal end markets. Patriot Erectors was founded in 1991 and is based in Dripping Springs, Texas.

Buy -
DESCRIPTION

True West Capital Partners is a private investment firm focused on lower middle-market company investments in the Western US. The Firm looks to commit $5 to $25 million into profitable businesses to support acquisitions, growth initiatives, buyouts, recapitalizations, and refinancings. True West does not have any sector preferences, but does avoid real estate, startups and project financings. True West Capital Partners was formed in 2009 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 2 of 20
Sector (Environmental) 1 of 3
Type (Growth Capital) 1 of 10
State (North Dakota) 1 of 1
Country (United States) 2 of 20
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-17 Beauty Industry Group

Salt Lake City, Utah, United States

Beauty Industry Group is a supplier of hair extensions and related beauty products. The company sells direct to consumers as well as through a network of over 40 independent distributors throughout the US and Canada. It is dedicated to provide customers with the highest quality products available while also providing unmatched service and value. Beauty Industry Group was founded in 2004 and is based in Salt Lake City, Utah.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 C2G International

Aliso Viejo, California, United States

C2G International LLC is a provider of construction consulting services in the areas of claim defense and preparation, change order analysis, contract cost reconciliation, CPM scheduling, productivity analyses, engineering and design, contract development, cost audits, lost profit studies, dispute resolution, litigation support, and expert witness testimony across all sectors of the construction industry.

Sell -