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M&A Deal Summary

Riverstone Holdings Acquires Wayne Fueling Systems

On May 7, 2014, private equity firm Riverstone Holdings acquired machinery company Wayne Fueling Systems from GE Power Systems

Acquisition Highlights
  • This is Riverstone Holdings’ 2nd transaction in the Machinery sector.
  • This is Riverstone Holdings’ 70th transaction in the United States.
  • This is Riverstone Holdings’ 42nd transaction in Texas.
Investment Fate
  • Wayne Fueling Systems was sold to a publicly-traded strategic buyer in 2016 for 780M USD.

M&A Deal Summary
Date 2014-05-07
Target Wayne Fueling Systems
Sector Machinery
Buyer(s) Riverstone Holdings
Sellers(s) GE Power Systems
Deal Type Divestiture

Target

Wayne Fueling Systems

Addison, Texas, United States
Wayne is a global provider of fuel dispensing, payment, systems and aftermarket services for retail and commercial fuel stations.

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Buyer(S) 1

Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 93 of 106
Sector: Machinery M&A 2 of 2
Type: Divestiture M&A Deals 4 of 5
State: Texas M&A 42 of 47
Country: United States M&A 70 of 78
Year: 2014 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-23 CanEra Energy

Calgary, Alberta, Canada

CanEra Energy Corporation is an oil and gas exploration and production company with a focus in the Western Canadian Sedimentary Basin.

Sell CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-18 Foresight Energy

St. Louis, Missouri, United States

Foresight Energy is a developer and operator of coal mines and related infrastructure. Through its subsidiaries, Foresight owns or controls more than three billion tons of coal reserves in the Illinois and Northern Appalachian coal basins. Foresight Energy was founded in 2006 and is based in St. Louis, Missouri.

Sell -

Seller(S) 1

SELLER

GE Power Systems

Wilmington, Delaware, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

GE Power Systems, a division of General Electric Company

DEAL STATS #
Overall 1 of 1
Sector: Machinery M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-04 Osmonics

Minnetonka, Minnesota, United States

Osmonics, Inc. is a manufacturer and marketer of high-technology water purification and fluid filtration, fluid separation, and fluid handling equipment, as well as replaceable components used in purification, filtration, and separation equipment. These products are used by a broad range of consumer, industrial, commercial, and institutional customers.

Buy $253M
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