Investment Summary

White Deer Energy and Hastings Equity Partners Invest In Axios Industrial Group

On December 1, 2018, private equity firms White Deer Energy and Hastings Equity Partners invested in energy services and equipment company Axios Industrial Group

Investment Highlights
  • This is White Deer Energy’s 11th and Hastings Equity Partners’ 9th transaction in the Energy Services and Equipment sector.
  • This is White Deer Energy’s 17th and Hastings Equity Partners’ 24th transaction in the United States.
  • This is White Deer Energy’s 7th and Hastings Equity Partners’ 11th transaction in Texas.

Investment Summary

Date 2018-12-01
Target Axios Industrial Group
Sector Energy Services and Equipment
Investor(s) White Deer Energy
Hastings Equity Partners
Deal Type Stake Purchase

Target

Axios Industrial Group

The Woodlands, Texas, United States
Axios Industrial Group provides scaffolding, insulation, coatings, and associated specialty services to the energy sector with a focus on refining, petrochemical, and power generation throughout North America. Axios Industrial Group was formed in 1966 and is based in The Woodlands, Texas.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Investor(S) 2

Investor

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 19 of 30
Sector: Energy Services and Equipment M&A 11 of 18
Type: Stake Purchase M&A Deals 7 of 9
State: Texas M&A 7 of 14
Country: United States M&A 17 of 27
Year: 2018 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-01 US Rod

Nappanee, Indiana, United States

US Rod is an API-licensed manufacturer and provider of artificial lift products, including sucker rods, rod guides, couplings, pony rods, stabilizer and sinker bars. US Rod manufactures 100% US-made products at its state-of-the-art manufacturing facility in Nappanee, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-23 TorcSill

Houston, Texas, United States

TorcSill is a provider of engineered helical pile and anchor foundation solutions across the energy, industrial, and power end markets. TorcSill was founded in 2011 and is based in Houston, Texas.

Buy -
DESCRIPTION

Hastings Equity Partners is a private investment firm focused on small to mid-sized enterprises in the business and industrial services sector. Hastings looks to invest in and acquire North American companies with trailing EBITDA of $5 to $20 million. Hastings looks for control situations only and will consider funding buyouts (LBOs, MBOs), recapitalizations, and growth capital financings. Hastings Equity Partners was formed in 2004 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 25 of 34
Sector: Energy Services and Equipment M&A 9 of 9
Type: Stake Purchase M&A Deals 3 of 3
State: Texas M&A 11 of 12
Country: United States M&A 24 of 33
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-13 Refractory Construction Services

Deer Park, Texas, United States

Refractory Construction Services is a provider of refractory, mechanical and industrial coatings services to refineries, petrochemical plants, LNG facilities and export terminals across the Gulf Coast. Refractory Construction Services was formed in 2007 and is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-28 A&L Industrial Services

La Porte, Texas, United States

A&L Industrial Services is a provider of scaffolding, insulation, and industrial coating to refineries, petrochemical plants, and liquified natural gas facilities across the Gulf Coast. A&L Industrial Services was formed in 1985 and is based in Deer Park, Texas.

Buy -