M&A Deal Summary

Tailwater Capital Acquires Renovo Resources

On April 4, 2022, private equity firm Tailwater Capital acquired utilities company Renovo Resources

Acquisition Highlights
  • This is Tailwater Capital’s 1st transaction in the Utilities sector.
  • This is Tailwater Capital’s 27th transaction in the United States.
  • This is Tailwater Capital’s 2nd transaction in California.

M&A Deal Summary

Date 2022-04-04
Target Renovo Resources
Sector Utilities
Buyer(s) Tailwater Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Akin Gump Strauss Hauer & Feld (Legal)

Target

Renovo Resources

Irvine, California, United States
Renovo Resources is an asset development company, that will provide turnkey produced water treatment solutions to a blue-chip customer base across the energy and industrial sectors. Renovo Resources is based in Irvine, California.

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Buyer(S) 1

Buyer

Tailwater Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 4.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Tailwater Capital LLC is a specialist private equity firm focused on middle-market opportunities in the midstream and upstream sectors of the energy industry. Tailwater will consider acquisitions of non-core assets, roll-up situations, anchored greenfields, and joint ventures. Tailwater Capital was formed in 2013 and is based in Dallas, Texas.


DEAL STATS #
Overall 27 of 28
Sector: Utilities M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 14
State: California M&A 2 of 2
Country: United States M&A 27 of 28
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 Continuus Materials

The Woodlands, Texas, United States

Continuus Materials develops and operates manufacturing facilities that upcycle plastic and fiber materials from municipal solid waste into Everboard, a proprietary, high-performance, low-slope roof cover board. Continuus Materials’ process reduces landfill waste and will generate significantly lower life-cycle greenhouse gas emissions than competing products made from traditional materials. Continuus Materials is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-08 NorTex Midstream Partners

Houston, Texas, United States

NorTex Midstream Partners is an independently owned developers and operators of high-deliverability, multi-cycle natural gas storage capacity. NorTex was founded in 2007 and is based in Houston, Texas.

Sell $423M