M&A Deal Summary

Saracen Energy Acquires FuelQuest

On May 22, 2007, private equity firm Saracen Energy acquired software company FuelQuest from Genesis Park and Element Partners

Acquisition Highlights
  • This is Saracen Energy’s 1st transaction in the Software sector.
  • This is Saracen Energy’s 1st transaction in the United States.
  • This is Saracen Energy’s 1st transaction in Texas.
Investment Fate
  • FuelQuest was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2007-05-22
Target FuelQuest
Sector Software
Buyer(s) Saracen Energy
Sellers(s) Genesis Park
Element Partners
Deal Type Secondary Buyout

Target

FuelQuest

Houston, Texas, United States
FuelQuest, Inc. is a provider of supply chain management and tax automation software and services for suppliers, distributors, fuel buyers, and traders in the global downstream energy industry.

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Buyer(S) 1

DESCRIPTION

Saracen Energy is an energy trading and investment firm focused on exploiting pricing inefficiencies across time, quality, location and commodity classes. Saracen Energy was formed in 2004 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Secondary Buyout 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-27 FuelQuest

Houston, Texas, United States

FuelQuest, Inc. is a provider of supply chain management and tax automation software and services for suppliers, distributors, fuel buyers, and traders in the global downstream energy industry.

Sell -

Seller(S) 2

SELLER

Genesis Park

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Genesis Park is a private equity firm focused on lower middle-market opportunities. Transaction situations of interest include growth capital financings, carveouts, buyouts, special situations, and helping founder/family companies. The Firm has a preference for majority control, but will consider select minority investments. Prospective businesses are generally profitable ($3 million) with $10 million of revenue. Genesis Park was formed in 1999 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 3 of 15
Sector: Software M&A 2 of 3
Type: Secondary Buyout M&A Deals 1 of 3
State: Texas M&A 3 of 13
Country: United States M&A 3 of 15
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-02 CapRock Communications

Houston, Texas, United States

CapRock Communications, Inc. is a provider of satellite communications services to the energy industry and the government.

Sell $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 SAT

Sunnyvale, California, United States

SAT Corp. is a energy software company with a product that provided automated wireless data input for ERP systems popularly used in large industrial facilities common to the Houston region.

Sell -
SELLER

Element Partners

Wayne, Pennsylvania, United States

Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.


DEAL STATS #
Overall 7 of 25
Sector: Software M&A 2 of 4
Type: Secondary Buyout M&A Deals 3 of 5
State: Texas M&A 1 of 4
Country: United States M&A 7 of 22
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Wasatch Wind

Park City, Utah, United States

Wasatch Wind?s patent-pending space frame tower uses structural damping and modular steel components to reduce the cost of installed wind turbine towers and the delivered cost of energy through a combination of less raw material and lower transport and assembly costs. Wasatch Wind is also pursuing certain wind development opportunities which become available through use of these innovative towers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-11 TPI

Scottsdale, Arizona, United States

TPI is a developer and volume manufacturer of wind turbine blades and other large-scale composite structures for the transportation and military vehicle markets. TPI Composites was founded in 1968 and is based in Scottsdale, Arizona. TPI was founded in 1968 and is based in Scottsdale, Arizona.

Buy -