M&A Deal Summary

REIC Acquires Cahill Services

On May 31, 2022, REIC acquired energy services and equipment company Cahill Services from Pine Brook Partners

Acquisition Highlights
  • This is REIC’s 1st transaction in the Energy Services and Equipment sector.
  • This is REIC’s 6th transaction in the United States.
  • This is REIC’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-05-31
Target Cahill Services
Sector Energy Services and Equipment
Buyer(s) REIC
Sellers(s) Pine Brook Partners
Deal Type Add-on Acquisition
Advisor(s) Prestwick Partners LLC (Financial)
Winston & Strawn (Legal)

Target

Cahill Services

Houston, Texas, United States
Cahill Services is a provider of specialty rental services to customers in the oil & gas, refining, industrial, petrochemicals, utilities and related industries where a high level of technical knowledge of the business and customer needs is required. Cahill Services is based in Houston, Texas.

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Buyer(S) 1

Buyer

REIC

Kalispell, Montana, United States
Category Company
Founded 2014
Sector Business Services
DESCRIPTION

REIC is an equipment rental company that provides construction and industrial equipment for rent, as well as used equipment for sale. The Company operates equipment rental stores throughout the Mountain West region of the United States. REIC was founded in 2014 and is based in Kalispell, Montana.

DEAL STATS #
Overall 6 of 9
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Texas) 1 of 1
Country (United States) 6 of 8
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-05 Columbia River Machinery

Hermiston, Oregon, United States

Columbia River Machinery LLC is an equipment rental company. Columbia River Machinery LLC was established in 2010 and is headquartered in Hermiston, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-19 Blackout Energy

Williston, North Dakota, United States

Blackout Energy is a full-service rental company providing light towers, heaters, air compressors, fuel cubes, frac stands, pumps, and filtration systems. Blackout Energy is based in Williston, North Dakota.

Buy -

Seller(S) 1

SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 23 of 25
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 10 of 11
State (Texas) 13 of 13
Country (United States) 18 of 19
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 ATX Energy Partners

Austin, Texas, United States

ATX Energy Partners is an exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays. ATX Energy Partners was founded in 2017 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 Red Bluff Resources

Oklahoma City, Oklahoma, United States

Red Bluff Resources is an independent oil and natural gas company.

Sell -
Mergr

Product

Company

Legal