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M&A Deal Summary

White Deer Energy Acquires WeldFit

On April 1, 2023, private equity firm White Deer Energy acquired oil/gas exploration company WeldFit

Acquisition Highlights
  • This is White Deer Energy’s 6th transaction in the Oil/Gas Exploration sector.
  • This is White Deer Energy’s 26th transaction in the United States.
  • This is White Deer Energy’s 13th transaction in Texas.

M&A Deal Summary
Date 2023-04-01
Target WeldFit
Sector Oil/Gas Exploration
Buyer(s) White Deer Energy
Deal Type Buyout (LBO, MBO, MBI)

Target

WeldFit

Houston, Texas, United States
WeldFit is a manufacturer and provider of critical pipeline maintenance, emissions management, and flow assurance products and services to the US natural gas infrastructure market. WeldFit was founded in 1968 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

White Deer Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.

DEAL STATS #
Overall 29 of 30
Sector: Oil/Gas Exploration M&A 6 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: Texas M&A 13 of 14
Country: United States M&A 26 of 27
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 GPS

Singapore, Singapore

GPS is a midstream infrastructure platform formed to pursue the acquisition, construction and enhancement of storage and logistics assets outside North America. GPS owns a refined product terminal in the Port of Amsterdam and has two projects under construction – an industrial services terminal in Al Hamriyah Port in Sharjah, United Arab Emirates and an LPG terminal in Port Klang, Malaysia. GPS is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 One X

The Woodlands, Texas, United States

One X provides flowback and well testing services with a special focus on horizontal and pad drilling for the upstream oil and gas services industry. One X was founded in 2013 and is based in The Woodlands, Texas.

Sell -
Mergr

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