M&A Deal Summary

Tiberius Energy Services Acquires Lane Power & Energy Solutions

On July 1, 2023, Tiberius Energy Services acquired energy services and equipment company Lane Power & Energy Solutions from Keystone Capital

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

M&A Deal Summary

Date 2023-07-01
Target Lane Power & Energy Solutions
Sector Energy Services and Equipment
Buyer(s) Tiberius Energy Services
Sellers(s) Keystone Capital
Deal Type Add-on Acquisition

Target

Lane Power & Energy Solutions

Houston, Texas, United States
Lane Power & Energy Solutions is a provider of underground hydrocarbon storage solution for petrochemical facilities, midstream operators, and governmental agencies. Lane Power & Energy Solutions is based in Houston, Texas.

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Buyer(S) 1

Buyer

Tiberius Energy Services

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Tiberius Energy Services is dedicated to underground storage, disposal industries, and petrochemical markets with a focus on salt cavern storage, solution mining, depleted reservoir storage, and disposal injection wells. Tiberius Energy Services is based in Houston, Texas.


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: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Keystone Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Keystone Capital is a private equity firm focused on acquiring family businesses, corporate divestitures, industry consolidations, and special situations. Keystone prefers lower middle-market, US-based businesses with EBITDA of $5 to $20 million. Target sectors include specialty manufacturing, business services/outsourcing, food processing and ingredients, publishing, instrumentation, optical components, and healthcare products/services. Keystone will not invest in start-ups, turnarounds, commodities, defense/government contractors, retail stores, or restaurants. Keystone Capital was formed in 1994 and is based in Chicago, Illinois.


DEAL STATS #
Overall 24 of 26
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 15
State: Texas M&A 2 of 2
Country: United States M&A 24 of 26
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 E4H

Williston, Vermont, United States

E4H is an architectural design and facilities planning firm focused on the healthcare and life sciences markets. E4H was founded in 1990 and is based in Williston, Vermont.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-01 Identiti

Hoffman Estates, Illinois, United States

Identiti offers comprehensive design, planning, management, fabrication, installation, and maintenance services for signage and branded environments across a national customer base. Identiti was founded in 1991 and is based in Hoffman Estates, Illinois.

Buy -