M&A Deal Summary

Tower Arch Capital Acquires Creedence Energy Services

On December 10, 2019, private equity firm Tower Arch Capital acquired energy services and equipment company Creedence Energy Services

Acquisition Highlights
  • This is Tower Arch Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tower Arch Capital’s 12th transaction in the United States.
  • This is Tower Arch Capital’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2019-12-10
Target Creedence Energy Services
Sector Energy Services and Equipment
Buyer(s) Tower Arch Capital
Deal Type Recapitalization
Advisor(s) PPHB (Financial)
Crowley Fleck (Legal)

Target

Creedence Energy Services

Minot, North Dakota, United States
Creedence Energy Services is a provider of oilfield production chemicals, acidizing, and other oil field services in the Bakken and Permian basins. The company services oil wells and saltwater disposal wells throughout their lifecycle, providing a comprehensive chemical solution. Creedence Energy Services was established in 2014 and is based in Minot, North Dakota.

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Buyer(S) 1

Buyer

Tower Arch Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Tower Arch Capital is a lower middle-market private equity firm focused on partnering with and growing family and entrepreneur-owned companies. Tower Arch seeks US-based companies with $20 to $150 million in revenue and up to $30 million of EBITDA. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Tower Arch Capital was formed in 2013 and is based in Draper, Utah.

DEAL STATS #
Overall 12 of 17
Sector (Energy Services and Equipment) 1 of 1
Type (Recapitalization) 12 of 16
State (North Dakota) 1 of 1
Country (United States) 12 of 17
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 OSM Worldwide

Glendale Heights, Illinois, United States

OSM Worldwide is a tech-enabled global logistics management services company. The company provides parcel delivery services for both domestic and international shipping. The exclusive OSM Premium Network® allows shippers to experience reliable, rapid and economical delivery of parcel packages worldwide. OSM Worldwide was established in 2003 and is based in Glendale Heights, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 CCI Network Services

Salt Lake City, Utah, United States

CCI Network Services is a provider of diversified telecom services. CCI designs, provisions, and manages customized, mission-critical voice, data and cloud solutions for enterprise customers and small to medium-sized businesses. CCI Network Services was established in 2003 and is based in Salt Lake City, Utah.

Buy -
Mergr

Product

Company

Legal