M&A Deal Summary

Regency Energy Partners Acquires Zephyr Gas Services

On September 1, 2010, Regency Energy Partners acquired energy services and equipment company Zephyr Gas Services from OFS Energy Fund for 185M USD

Acquisition Highlights
  • This is Regency Energy Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Regency Energy Partners’ 3rd largest (disclosed) transaction.
  • This is Regency Energy Partners’ 3rd transaction in the United States.
  • This is Regency Energy Partners’ 3rd transaction in Texas.

M&A Deal Summary

Date 2010-09-01
Target Zephyr Gas Services
Sector Energy Services and Equipment
Buyer(s) Regency Energy Partners
Sellers(s) OFS Energy Fund
Deal Type Add-on Acquisition
Deal Value 185M USD

Target

Zephyr Gas Services

Houston, Texas, United States
Zephyr Gas Services provides equipment rental, sales and service of modular skid-mounted treating and processing equipment to the natural gas industry. The Company designs and rents under long-term contracts its Modular Quik-Connect MQC Amine Plant, Modular Glycol Dehydration Units, ZCool-Max Natural Gas Coolers, ZJT NGL Extraction Plants and other miscellaneous equipment including portable NGL storage tanks. Zephyr Gas Services was founded in 2006 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Regency Energy Partners

Dallas, Texas, United States

Category Company
Founded 2003
Sector Energy Services and Equipment
Revenue 1.5B USD (2014)
DESCRIPTION

Regency Energy Partners LP is a growth-oriented, master limited partnership engaged in the gathering and processing, compression, treating and transportation of natural gas; the transportation, fractionation and storage of natural gas liquids; the gathering, transportation and terminaling of oil (crude and/or condensate) received from producers; and the management of coal and natural resource properties in the United States.


DEAL STATS #
Overall 3 of 5
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 3 of 5
State (Texas) 3 of 4
Country (United States) 3 of 5
Year (2010) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-25 Nexus Gas Partners

Dallas, Texas, United States

Nexus Gas Partners LLC is a midstream provider of natural gas gathering, dehydration and compression services for producers in the active exploration and development regions of East Texas and Northern Louisiana.

Buy $85M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-01 Hoover Energy Partners

Houston, Texas, United States

Hoover Energy Partners LP is an emerging independent midstream energy company providing consistent, safe and environmentally sound midstream services to the producing community from the wellhead to downstream markets.

Buy -

Seller(S) 1

SELLER

OFS Energy Fund

Houston, Texas, United States

Investor


Category Private Equity Firm
Founded 2008
Size Small
Type Sector Focused
DESCRIPTION

OFS Energy Fund is a private equity fund focused on acquiring and growing lower middle market energy service companies. OFS seeks at least $15 million in companies generating revenue of $5 to $100 million and EBITDA of $1 to $20 million. OFS also looks to provide debt financing to private and public companies as well. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth capital financings, and special situations. OFS Energy is managed by Dorado Energy Partners LLC. The Firm was founded in 2008 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 12
Sector (Energy Services and Equipment) 1 of 6
Type (Add-on Acquisition) 1 of 5
State (Texas) 1 of 9
Country (United States) 1 of 12
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-01 Hoover Ferguson Group

Houston, Texas, United States

Hoover Ferguson Group is a provider of a container, workspace and packaging solutions for the energy, petrochemical and general industrial enterprises. Hoover Ferguson Group was founded in 1911 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-02 Buckhorn Energy Services

Denver, Colorado, United States

Buckhorn Energy Services provides oilfield waste disposal services to the oil and natural gas industry. Buckhorn was founded in 2011 and is based in Denver, Colorado.

Buy -