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  6. The Ceritas Group Acquires Optigas

M&A Deal Summary

The Ceritas Group Acquires Optigas

On March 1, 2006, The Ceritas Group acquired energy services and equipment company Optigas from Chart Capital Partners

Acquisition Highlights
  • This is The Ceritas Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is The Ceritas Group’s 1st transaction in the United States.
  • This is The Ceritas Group’s 1st transaction in Colorado.

M&A Deal Summary
Date 2006-03-01
Target Optigas
Sector Energy Services and Equipment
Buyer(s) The Ceritas Group
Sellers(s) Chart Capital Partners
Deal Type Add-on Acquisition

Target

Optigas

Denver, Colorado, United States
Optigas, Inc. gathers, processes, and markets natural gas in Colorado. The company engages in the ownership, operation, and installation of pipeline, compression, and processing facilities to move natural gas from the wellhead to the intrastate or interstate natural gas pipeline infrastructure. Optigas, Inc. acquired by Ceritas Energy LLC in March 2006.

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Buyer(S) 1

Buyer

The Ceritas Group

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Ceritas Energy is a midstream energy company formed to create value for its investors and customers through the development, acquisition, installation, construction, and safe operation of a diversified portfolio of midstream energy assets.

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: Colorado M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1

Seller(S) 1

SELLER

Chart Capital Partners

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Chart Capital Partners is a private equity firm that invests in smaller middle-market companies through management buyouts, recapitalization and structured growth equity investments. Chart targets profitable, growth-oriented companies and enterprise value of $15 to $250 million. The Firm will consider opportunities throughout North America and looks to invest $10 to $50 million per transaction. Sectors of interest include energy services, food/beverage, communications, and niche manufacturing. Chart Capital seeks companies with revenue between $15 to $100 million. Chart Capital Partners was founded in 1995 and is based in New York City.

DEAL STATS #
Overall 3 of 10
Sector: Energy Services and Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 7
State: Colorado M&A 1 of 1
Country: United States M&A 2 of 8
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-13 TracRac

Fall River, Massachusetts, United States

TracRac produces a full line of cargo management systems for pickup trucks and vans. Manufactured and assembled in USA, TracRac products are functional and packed with unique features that enable custom configurations for professional tradesmen. TracRac is division of the Thule Group.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-11 MTN Satellite Communications

Miramar, Florida, United States

MTN Satellite Communications, Inc. is a provider of communications and content services for remote locations around the world.

Buy -
Mergr

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