M&A Deal Summary

Stone Road Energy Acquires TransEdge Energy

On October 1, 2014, Stone Road Energy acquired energy services and equipment company TransEdge Energy from Energy Spectrum Capital

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

M&A Deal Summary

Date 2014-10-01
Target TransEdge Energy
Sector Energy Services and Equipment
Buyer(s) Stone Road Energy
Sellers(s) Energy Spectrum Capital
Deal Type Add-on Acquisition

Target

TransEdge Energy

Houston, Texas, United States
In July 2007, TransEdge Energy was formed to pursue opportunities primarily in the refined products pipeline and terminal sectors. The Company currently owns refined products and propane distribution assets in New Hampshire.

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Buyer(S) 1

Buyer

Stone Road Energy

Bridgton, Maine, United States

Category Company
Founded 2008
Sector Distribution
DESCRIPTION

Stone Road Energy LLC is a retail distributor of propane and heating oil and service providers in New England. Stone Road portfolio consists of many brands in many regions, as we acquire local companies we retain their brand identity and presence in the communities they have served for many generations. Stone Road Energy LLC was founded in 2008 and is based in Bridgton, Maine.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition 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

Seller(S) 1

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 29 of 43
Sector: Energy Services and Equipment M&A 23 of 28
Type: Add-on Acquisition M&A Deals 12 of 22
State: Texas M&A 15 of 23
Country: United States M&A 27 of 40
Year: 2014 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Texas Energy Midstream

Dallas, Texas, United States

In July 2008, Texas Energy Midstream was formed to acquire and develop midstream assets with organic growth opportunities in Texas, beginning in the Barnett Shale. The Company constructed and operates a gathering system and compression facility in Tarrant County, Texas, in the heart of the Barnett Shale. The Company is also pursuing additional midstream opportunities, particularly in the Barnett Shale and other basins in the Southwest United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-14 Costar Midstream

Dallas, Texas, United States

Costar is an onshore gathering and processing company with its primary gathering, processing, fractionation and off-spec condensate treating and stabilization assets focused in East Texas and the Permian Basin, with a significant crude oil gathering system project underway in the Bakken Shale.

Sell $470M