Investment Summary

White Deer Energy Invests In US Rod

On September 1, 2018, private equity firm White Deer Energy invested in machinery company US Rod

Investment Highlights
  • This is White Deer Energy’s 1st transaction in the Machinery sector.
  • This is White Deer Energy’s 16th transaction in the United States.
  • This is White Deer Energy’s 1st transaction in Indiana.
Investment Fate
  • US Rod was sold to a strategic buyer in 2021.

Investment Summary

Date 2018-09-01
Target US Rod
Sector Machinery
Investor(s) White Deer Energy
Deal Type Stake Purchase

Target

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.

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Investor(S) 1

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 18 of 30
Sector: Machinery M&A 1 of 2
Type: Stake Purchase M&A Deals 6 of 9
State: Indiana M&A 1 of 1
Country: United States M&A 16 of 27
Year: 2018 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-06 Deep Well Services

Zelienople, Pennsylvania, United States

Deep Well Services is an oilfield services company that provides snubbing-based completion and workover services in the Appalachian Basin and the Permian Basin. Deep Well’s specially designed units are used for drillouts in wells with long laterals and for other services such as production tubing installation, well cleanout and fishing. Deep Well Services was founded in 2008 and is based in Zelienople, Pennsylvania.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-01 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.

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