M&A Deal Summary

Viking Acquires Wellsite

On July 9, 2015, Viking acquired oil/gas exploration company Wellsite from NGP Energy Technology Partners

Acquisition Highlights
  • This is Viking’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Viking’s 1st transaction in the United States.
  • This is Viking’s 1st transaction in Louisiana.

M&A Deal Summary
Date 2015-07-09
Target Wellsite
Sector Oil/Gas Exploration
Buyer(s) Viking
Sellers(s) NGP Energy Technology Partners
Deal Type Merger

Target

Wellsite

Broussard, Louisiana, United States
Wellsite is a comprehensive rental equipment provider for the drilling and production sectors of the oil and gas industry. The Company provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers, automated slips, variable bore rams and additional rental equipment. Wellsite was founded in 2013 and is based in Broussard, Louisiana.

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Buyer(S) 1

Buyer

Viking

Cary, North Carolina, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Viking is a specialty fishing, thru tubing and remedial services company.Viking is based in Cary, North Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Merger) 1 of 1
State (Louisiana) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1

Seller(S) 1

SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.

DEAL STATS #
Overall 8 of 17
Sector (Oil/Gas Exploration) 2 of 3
Type (Merger) 1 of 1
State (Louisiana) 3 of 3
Country (United States) 7 of 16
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-11 Signum Instruments

Houston, Texas, United States

Signum Instruments provides best-in-class open-hole formation evaluation tools (electrical and geo-mechanical) and associated services that can help to maximize EURs, optimize completions, and increase the NPV of wells. Signum Instruments was founded in 2012 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-25 Global Resource Options

While River Junction, Vermont, United States

Global Resource Options, Inc. (dba groSolar) is a privately owned company, which provides development and turnkey engineering, procurement, and construction (EPC) of solar photovoltaic (PV) projects for developers, financiers, utilities, corporate, government, and other institutional clients.

Sell -
Mergr

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