M&A Deal Summary

Turnbridge Capital Acquires Cimarron Energy

On December 17, 2014, private equity firm Turnbridge Capital acquired energy services and equipment company Cimarron Energy from Curtiss-Wright for 100M USD

Acquisition Highlights
  • This is Turnbridge Capital’s 8th transaction in the Energy Services and Equipment sector.
  • This is Turnbridge Capital’s largest (disclosed) transaction.
  • This is Turnbridge Capital’s 10th transaction in the United States.
  • This is Turnbridge Capital’s 9th transaction in Texas.

M&A Deal Summary
Date 2014-12-17
Target Cimarron Energy
Sector Energy Services and Equipment
Buyer(s) Turnbridge Capital
Sellers(s) Curtiss-Wright
Deal Type Divestiture
Deal Value 100M USD

Target

Cimarron Energy

Houston, Texas, United States
Cimarron Energy is a manufacturer of engineered oil and natural gas production and processing equipment, providing separation, measurement, flowback, and environmental products, as well as field services, to oil and natural gas exploration and production and midstream companies. Cimarron Energy was established in 1976 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Turnbridge Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Middle-Market
Type Sector Focused
DESCRIPTION

Turnbridge Capital is a private equity firm focused on investing in middle-market energy services and equipment providers supporting upstream, midstream, and downstream energy companies. Turnbridge will consider companies throughout North America and looks to commit $20 to $100 million in companies generating $25 to $250 million in revenue. Turnbridge prefers control investments, but will consider select minority situations. Turnbridge Capital was formed in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 10 of 15
Sector (Energy Services and Equipment) 8 of 13
Type (Divestiture) 1 of 1
State (Texas) 9 of 11
Country (United States) 10 of 15
Year (2014) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-04 Flare Industries

Austin, Texas, United States

Flare Industries, Inc. is a designer and manufacturer of combustion and pollution control technology and equipment. Through its offices in the United States, Canada, United Kingdom, United Arab Emirates and Singapore, Flare delivers high-quality flare systems, thermal oxidizers and ignition systems to clients in a range of industries worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Pro-Stim Services

Longview, Texas, United States

Pro-Stim Services LLC provides well stimulation services, including a full line of fracturing, acidizing, and pressure pumping services, for exploration and production companies in the southwest region of the U.S. Pro-Stim primarily served upstream companies completing and re-completing vertical oil wells in the traditional markets of east, central, and south Texas. Pro-Stim Services was established in 2010 and is based in Longview, Texas.

Sell -

Seller(S) 1

SELLER

Curtiss-Wright

Davidson, North Carolina, United States
Category Company
Founded 1929
Sector Diversified
Employees8,600
Revenue 2.8B USD (2023)
DESCRIPTION

Curtiss-Wright is a global company that delivers highly engineered, critical function products and services to the commercial, defense, energy, and industrial markets. Curtiss-Wright operates through three segments: Commercial/Industrial, Defense, and Energy. The Commercial segment offers products/services that include surface technology services such as shot peening, laser peening, coatings and advanced surface analytics; industrial products such as electronic throttle control devices and transmission shifters; electro-mechanical actuation control components, and utility systems used on aircraft. The Defense segment produces embedded computing board level modules, integrated subsystems, turret aiming and stabilization products, and weapons handling systems. The Energy segment produces a wide range of hardware, pumps, valves, pressure vessels, fastening systems, specialized containment doors, airlock hatches, spent fuel management products, and fluid sealing technologies for nuclear power plants and nuclear equipment manufacturers. Curtiss-Wright was founded in 1929 and is based in Davidson, North Carolina.

DEAL STATS #
Overall 3 of 8
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 3 of 8
State (Texas) 1 of 2
Country (United States) 3 of 7
Year (2014) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Benshaw

Pittsburgh, Pennsylvania, United States

Benshaw designs, develops and manufactures mission critical motor control and protection product solutions for leading original equipment manufacturers (OEMs) and industrial customers.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 Douglas Equipment

Cheltenham, United Kingdom

Douglas Equipment Ltd. is a provider of ground support vehicles for the defense and commercial aviation markets.

Sell -
Mergr

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