Add-on Acquisition • Energy Services and Equipment

Tally Energy Services Acquires Epic Lift Systems

On April 4, 2019, Tally Energy Services acquired energy services and equipment company Epic Lift Systems from Amberjack Capital Partners

Acquisition Context
  • This is Tally Energy Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Tally Energy Services’ 4th transaction in the United States.
  • This is Tally Energy Services’ 4th transaction in Texas.

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M&A Deal Summary

Date April 4, 2019
Target Epic Lift Systems
Sector Energy Services and Equipment
Buyer(s) Tally Energy Services
Sellers(s) Amberjack Capital Partners
Deal Type Add-on Acquisition
Advisor(s) PPHB (Financial)

Target Company

Epic Lift Systems

Fort Worth, Texas, United States
Epic Lift Systems enhances oil and gas production by providing artificial lift solutions to E&P companies. Epic offers a suite of artificial lift solutions, including plunger lift, gas lift, and wellhead compression. Epic has extensive R&D capabilities, and the ability to manufacture or assemble 100% of its products in-house at its state-of-the-art manufacturing facility. Epic Lift Systems was formed in 2012 and is based in Fort Worth, Texas.
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Buyer Overview 1

Buyer

Tally Energy Services

Houston, Texas, United States

Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Tally Energy Services is an oil field services technology company focused on delivering fit-for-purpose solutions for North America shale producers. The partnership represents a buy-and-build strategy to build an integrated portfolio of technical oilfield products and services with opportunities for growth, consolidation, and differentiation. Tally Energy Services was established in 2017 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 4 of 4
Sector: Energy Services and Equipment 3 of 3
Type: Add-on Acquisition 4 of 4
State: Texas 4 of 4
Country: United States 4 of 4
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Premier Directional Drilling

Houston, Texas, United States

Premier Directional Drilling LP is a full-service directional drilling company, providing directional drilling services to the US land-based market and GOM offshore. Premier Directional Drilling LP was founded in 2012 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-02 DynaView

Houston, Texas, United States

DynaView is a data platform that promises to revolutionize how data is managed and utilized in the industry. DynaView is based in Houston, Texas.

Sell -

Seller Profile 1

SELLER

Amberjack Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.


Deal Context for Seller #
Overall 10 of 16
Sector: Energy Services and Equipment 9 of 12
Type: Add-on Acquisition 5 of 7
State: Texas 9 of 14
Country: United States 9 of 15
Year: 2019 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-16 Taurex Drill Bits

Conroe, Texas, United States

Taurex Drill Bits designs, manufactures, rents, and sells matrix Poly Diamond Crystalline (PDC) bits and Roller-cone bits, used in drilling and completion operations. Taurex Drill Bits was founded in 2006 and is based in Conroe, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 TorcSill

Houston, Texas, United States

TorcSill is a provider of engineered helical pile and anchor foundation solutions across the energy, industrial, and power end markets. TorcSill was founded in 2011 and is based in Houston, Texas.

Sell -