M&A Deal Summary

Tres Energy Acquires Adams

On November 12, 2024, Tres Energy acquired energy services and equipment company Adams for 140M USD

Acquisition Highlights
  • This is Tres Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Tres Energy’s largest (disclosed) transaction.
  • This is Tres Energy’s 1st transaction in the United States.
  • This is Tres Energy’s 1st transaction in Texas.

M&A Deal Summary
Date 2024-11-12
Target Adams
Sector Energy Services and Equipment
Buyer(s) Tres Energy
Deal Type Add-on Acquisition
Deal Value 140M USD
Advisor(s) GulfStar Group (Financial)
Locke Lord (Legal)

Target

Adams

Houston, Texas, United States
Adams engages in the business of crude oil marketing, tank truck transportation of liquid chemicals, and oil and gas exploration and production. Adams was incorporated in 1947 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Tres Energy

Galveston, Texas, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Tres Energy is a privately held company that invests in and operates strategic energy assets across the United States. Tres Energy is based in Galveston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal