M&A Deal Summary

Vortus Investments and Freedom Energy Acquire Stateline Operating

On April 19, 2021, private equity firm Vortus Investments and Freedom Energy acquired oil/gas exploration company Stateline Operating

Acquisition Highlights
  • This is Vortus Investments’ 7th and Freedom Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Vortus Investments’ 7th and Freedom Energy’s 1st transaction in the United States.
  • This is Vortus Investments’ 5th and Freedom Energy’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-04-19
Target Stateline Operating
Sector Oil/Gas Exploration
Buyer(s) Vortus Investments
Freedom Energy
Deal Type Joint Venture

Target

Stateline Operating

Fort Worth, Texas, United States
Stateline Operating is a privately held, independent oil and natural gas company. Stateline Operating was founded in 2021 and is based in Fort Worth, Texas.

Search 205,615 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

DESCRIPTION

Vortus Investment Advisors is a private equity firm focused on investments in the upstream energy industry. Vortus looks to invest $25 to $100 million per transaction and will consider opportunities throughout North America. Vortus Investment Advisors was formed in 2013 and is based in Forth Worth, Texas.


DEAL STATS #
Overall 7 of 7
Sector (Oil/Gas Exploration) 7 of 7
Type (Joint Venture) 1 of 1
State (Texas) 5 of 5
Country (United States) 7 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Alchemist Energy

Irving, Texas, United States

Alchemist Energy is a upstream oil and gas company that combines committed capital and operational expertise to provide structured capital solutions that address the needs in oil and gas market. Alchemist Energy is based in Irving, Texas.

Buy -
Buyer

Freedom Energy

Fort Worth, Texas, United States

Category Company
Founded 2018
Sector Oil/Gas Exploration
DESCRIPTION

Freedom Energy is a privately held, independent oil and natural gas company. The company is focused on the acquisition, development, and production of oil and gas properties in the Permian Basin and other domestic resource plays. Freedom Energy was founded in 2018 and is based in Fort Worth, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Joint Venture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1