M&A Deal Summary

SCF Partners Acquires Beckman Production Services

On July 31, 2012, private equity firm SCF Partners acquired energy services and equipment company Beckman Production Services from Dart Energy

Acquisition Highlights
  • This is SCF Partners’ 11th transaction in the Energy Services and Equipment sector.
  • This is SCF Partners’ 14th transaction in the United States.
  • This is SCF Partners’ 1st transaction in Michigan.
Investment Fate
  • Beckman Production Services was sold to a strategic buyer in 2014.

M&A Deal Summary

Date 2012-07-31
Target Beckman Production Services
Sector Energy Services and Equipment
Buyer(s) SCF Partners
Sellers(s) Dart Energy
Deal Type Divestiture

Target

Beckman Production Services

Kalkaska, Michigan, United States
Beckman Production Services, Inc. is a well servicing company that operates completion and workover rigs, swabbing units, hot oilers, high pressure pump trucks, anchor setting trucks, wireline units, vacuum trucks, crude oil trucks and tankers licensed to haul non-hazardous liquid waste and crude oil.

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Buyer(S) 1

Buyer

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 26 of 57
Sector: Energy Services and Equipment M&A 11 of 21
Type: Divestiture M&A Deals 2 of 10
State: Michigan M&A 1 of 1
Country: United States M&A 14 of 33
Year: 2012 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-14 Flint Energy Services

Calgary, Alberta, Canada

Flint Energy Services Ltd., providing an expanding range of integrated products and services for the energy industry including production services; field construction; oilfield transportation; process equipment design and manufacturing; tubular management services; and plant management and maintenance services. Flint provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta's oil sands sector.

Sell $1.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Centurion

Aberdeen, United Kingdom

Centurion is a supplier of critical rental, infrastructure, and support services to the energy industries. Centurion is based in Aberdeen, United Kingdom.

Buy -

Seller(S) 1

SELLER

Dart Energy

Mason, Michigan, United States

Category Company
Founded 1976
Sector Energy Services and Equipment
DESCRIPTION

Dart Energy Corporation is a diversified organization with interests in crude oil and natural gas exploration and production; oilfield related transportation, construction, drilling and production services; and crude oil and petroleum products transportation, storage, sales and distribution.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Greenpark Energy - CBM Assets

United Kingdom

Greenpark Energy - CBM Assets is an onshroe oil and gas company.

Buy -