Investment Summary

White Deer Energy and The Silverfern Group Invest In O-Tex Pumping

On January 7, 2011, private equity firm White Deer Energy and asset manager The Silverfern Group invested in energy services and equipment company O-Tex Pumping for 52M USD

Investment Highlights
  • This is White Deer Energy’s 2nd and The Silverfern Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is White Deer Energy’s and The Silverfern Group’s 3rd largest (disclosed) transaction.
  • This is White Deer Energy’s 3rd and The Silverfern Group’s 4th transaction in the United States.
  • This is White Deer Energy’s 2nd and The Silverfern Group’s 2nd transaction in Texas.
Investment Fate
  • O-Tex Pumping was sold to a publicly-traded strategic buyer in 2017 for 133M USD.

Investment Summary

Date 2011-01-07
Target O-Tex Pumping
Sector Energy Services and Equipment
Investor(s) White Deer Energy
The Silverfern Group
Deal Type Growth Capital
Deal Value 52M USD
Advisor(s) Duff & Phelps Corp. (Financial)

Target

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.

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Investor(S) 2

Investor

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 2.7B 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 3 of 30
Sector (Energy Services and Equipment) 2 of 18
Type (Growth Capital) 1 of 4
State (Texas) 2 of 14
Country (United States) 3 of 27
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-02 PostRock Energy

Oklahoma City, Oklahoma, United States

PostRock Energy Corp. is a producer of natural gas exploration services. The company own and operate a 2,200 mile gathering system in the Cherokee Basin supporting our upstream operations. PostRock Energy was founded in 1982 and is based in Oklahoma City, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-05 Sharewell

Houston, Texas, United States

Sharewell is a provider of directional services, equipment and technology to the oil and gas industry, offering complete, project-specific, directional and performance drilling systems from one quality source.

Buy -
DESCRIPTION

The Silverfern Group is an asset management firm focused on investing in private equity, real estate, and private debt transactions on behalf of institutional investors and single family offices. The Firm will consider opportunities across North/South America, Europe, and Asia. Within its private equity practice, Silverfern makes direct, co-control middle-market private equity investments requiring $25 to $150 million of equity per transaction. Sectors of interest include energy, financial services, food, hospitality, IT, power equipment rental, renewable energy, telecom, transportation, and waste management. The Silverfern Group was established in 2001 and is headquartered in New York City.


DEAL STATS #
Overall 4 of 20
Sector (Energy Services and Equipment) 1 of 3
Type (Growth Capital) 1 of 4
State (Texas) 2 of 4
Country (United States) 4 of 14
Year (2011) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 Carlile Bancshares

Forth Worth, Texas, United States

Carlile Bancshares, Inc. is a provider of buying small to regional banks that are looking for shareholder alternatives. Carlile Bancshares, Inc. was established in 2009 and is headquartered in Forth Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 APR Energy

Jacksonville, Florida, United States

APR Energy provides rapidly deployable, large-scale power and fast-track mobile power to underserved markets and industries. APR Energy's mobile, turnkey power plants help run cities, countries, and industries around the world in both developed and developing markets. APR Energy was founded in 2001 and is based in Jacksonville, Florida.

Buy -