M&A Deal Summary |
|
|---|---|
| Date | 2005-10-01 |
| Target | Celero Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Whiting Petroleum |
| Sellers(s) |
Quantum Energy Partners
Ridgemont Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 802M USD |
| Advisor(s) | Credit Suisse Investment Banking Wachovia Securities Citigroup Investment Banking (Financial) |
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| Category | Company |
|---|---|
| Founded | 1980 |
| Sector | Oil/Gas Exploration |
| Employees | 356 |
| Revenue | 1.5B USD (2021) |
Whiting Petroleum is an independent exploration and production company with an oil-focused asset base. Whiting Petroleum was founded in 1980 and is based in Denver, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 17.0B USD |
| Size | Mega |
| Type | Sector Focused |
Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 26 |
| Sector (Oil/Gas Exploration) | 6 of 17 |
| Type (Add-on Acquisition) | 5 of 17 |
| State (Texas) | 3 of 14 |
| Country (United States) | 4 of 23 |
| Year (2005) | 1 of 1 |
| Size (of disclosed) | 7 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-07-01 |
Ensight III Energy Partners
Shreveport, Louisiana, United States In July 2005, Quantum Energy Partners together with management and other institutional investors formed EnSight III Energy Partners, LP and EnSight Drilling Fund, LP ('EnSight III'). Based in Shreveport, Louisiana, Ensight III was an acquisitions and exploitation company focused on growing its reserve base using a buy-build-and-drill strategy regionally focused on activity in the Ark-La-Tex area and Mississippi. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-12-01 |
Denali Oil & Gas Partners II
Houston, Texas, United States Denali Oil & Gas Partners II, LP is a Houston, TX based oil and gas company focused on the acquisition and exploitation of existing fields and low risk exploration of tight gas reservoirs primarily in South Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 7.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 91 |
| Sector (Oil/Gas Exploration) | 1 of 6 |
| Type (Add-on Acquisition) | 13 of 36 |
| State (Texas) | 6 of 20 |
| Country (United States) | 21 of 80 |
| Year (2005) | 5 of 6 |
| Size (of disclosed) | 10 of 23 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-01 |
Clean Earth
Hatboro, Pennsylvania, United States Clean Earth, Inc. is a provider of environmental services for a variety of contaminated materials including soils, dredged materials, and hazardous waste and drill cuttings. The company analyzes, treats, documents, and recycles waste streams generated in multiple end-markets such as power, construction, oil & gas, infrastructure, industrial, and dredging. Treatment includes thermal desorption, dredged material stabilization, bioremediation, physical treatment/screening, and chemical fixation. Clean Earth was established in 1990 and is based in Hatboro, Pennsylvania. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-01 |
Evoca
Milan, Italy Evoca is a manufacturer of Hot & Cold and Snack & Food vending machines. Evoca was founded in 2000 and is based in Milan, Italy. |
Buy | - |
