Investment Summary

White Deer Energy and Riata Capital Group Invest In Extract

On October 1, 2017, private equity firms White Deer Energy and Riata Capital Group invested in energy services and equipment company Extract

Investment Highlights
  • This is White Deer Energy’s 9th and Riata Capital Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is White Deer Energy’s 13th and Riata Capital Group’s 4th transaction in the United States.
  • This is White Deer Energy’s 4th and Riata Capital Group’s 1st transaction in Oklahoma.
Investment Fate
  • Extract was sold to a publicly-traded strategic buyer in 2024.

Investment Summary

Date 2017-10-01
Target Extract
Sector Energy Services and Equipment
Investor(s) White Deer Energy
Riata Capital Group
Deal Type Stake Purchase

Target

Extract

Tulsa, Oklahoma, United States
Extract Companies is an artificial lift company. Through its Extract Production Services and Hoss Pump Systems subsidiaries, Extract provides ESP, Gas Lift, and Horizontal Pump Systems to the oil production and saltwater disposal markets in the US. Extract is based in Tulsa, Oklahoma.

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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 15 of 30
Sector: Energy Services and Equipment M&A 9 of 18
Type: Stake Purchase M&A Deals 5 of 9
State: Oklahoma M&A 4 of 4
Country: United States M&A 13 of 27
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Epic Midstream

Houston, Texas, United States

Epic Midstream is an independent liquid bulk storage and logistics solutions provider. Epic successfully bridges the gap between supply and demand centers through efficient logistics planning and expert management. With a flexible approach to every customer's unique requirements, Epic manages the storage and transportation requirements for many of the world's leading market participants. Epic Midstream was founded in 2011 and is based in Houston, Texas.

Sell $172M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 O-Tex Pumping

Midland, Texas, United States

O-Tex Pumping LLC is a provider of unrivaled primary and secondary cementing and specialty pumping services throughout most major shales. O-Tex Pumping LLC was established in 2008 and is based in Midland, Texas.

Sell $133M
DESCRIPTION

Riata Capital Group is a private equity firm focused on control and non-control investments in profitable middle-market companies headquartered throughout North America. Riata looks to invest $25 to $150 million in companies valued up to $300 million. Sectors of interest include consumer products/services, business services, energy, and healthcare. Prospective transaction situations include recapitalizations, buyouts, divestitures, growth capital investments, and consolidations. Riata Capital Group was formed in 2015 and is based in Dallas, Texas.


DEAL STATS #
Overall 4 of 9
Sector: Energy Services and Equipment M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Oklahoma M&A 1 of 2
Country: United States M&A 4 of 9
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 AEG Vision

Dallas, Texas, United States

AEG Vision is a medical group providing vertically integrated eye care services. Acuity has the expertise and an embedded culture of sharing best practices across platforms to provide value-added support to each location. The company leverages consumer demographic and market analytic tools to help drive higher sales, fashion and frame trend data to deliver a next-generation retail experience and ongoing staff training to improve the customer experience and increase capture rates. AEG Vision was founded in 2017 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-02 Extract Production

Tulsa, Oklahoma, United States

Extract Production is an integrated provider of products and services for the oil and gas industry, providing comprehensive artificial lift solutions and related surface pressure applications for North American energy producers. Extract currently provides both electric submersible pump and related horizontal pump systems, parts and services to its customers under the Extract Production Services and Hoss Pump Systems brands. Extract Production is headquartered in Tulsa, Oklahoma.

Buy -