M&A Deal Summary

Synergy Energy Holdings Acquires Multi Products

On April 1, 2016, Synergy Energy Holdings acquired energy services and equipment company Multi Products from Bridge Industries

Acquisition Highlights
  • This is Synergy Energy Holdings’ 1st transaction in the Energy Services and Equipment sector.
  • This is Synergy Energy Holdings’ 1st transaction in the United States.
  • This is Synergy Energy Holdings’ 1st transaction in Ohio.

M&A Deal Summary

Date 2016-04-01
Target Multi Products
Sector Energy Services and Equipment
Buyer(s) Synergy Energy Holdings
Sellers(s) Bridge Industries
Deal Type Add-on Acquisition

Target

Multi Products

Millersburg, Ohio, United States
Multi Products is a regional producer of oil and gas equipment and systems. Their product lines and services include plunger lift equipment and accessories, pump jack automation and contract machining and manufacturing. Multi Products was founded in 1966 and is based in Millersburg, Ohio.

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Buyer(S) 1

Buyer

Synergy Energy Holdings

Buffalo, New York, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Synergy Energy Holdings LLC is a parent company to multiple operating entities, including: Endurance Lift Solutions, which offers design, installation, service and repair of fiberglass and steel sucker rods and downhole rod pumps; BSC Rod Lift Solutions, which provides downhole pump installation and repair services through its network of pump shops throughout the U.S.; Catalyst Artificial Lift, which manufactures and distributes artificial lift parts; Multi Products Company, which manufactures and distributes plunger lift systems and associated equipment; and Bell Supply Company, which sells pipes, valves, and fittings to operators through its network of retail supply stores throughout the U.S.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Bridge Industries

Chagrin Falls, Ohio, United States

Investor Investor


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Focused
DESCRIPTION

Bridge Industries is a private investment group that looks to acquire and invest in lower middle-market companies in partnership with management. Bridge prefers family-owned businesses, with high barriers to entry, diverse customers, and proprietary products. Areas of interest include manufacturing, energy, controls, renewable energy, aerospace, defense, fluid power, and heavy equipment. Bridge Industries was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-28 TransTech Energy

Rocky Mount, North Carolina, United States

TransTech Energy is a energy service contractor providing timely and cost effective solutions for the transfer, storage and distribution of Liquefied Petroleum Gas and Natural Gas Liquids (LPG & NGL). TransTech Energy was founded in 1998 and is based in Rocky Mount, North Carolina.

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