M&A Deal Summary

WildFire Energy Acquires Hawkwood Energy

On July 8, 2021, WildFire Energy acquired oil/gas exploration company Hawkwood Energy from Warburg Pincus and Ontario Teachers Pension Plan

Acquisition Highlights
  • This is WildFire Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is WildFire Energy’s 1st transaction in the United States.
  • This is WildFire Energy’s 1st transaction in Colorado.

M&A Deal Summary

Date 2021-07-08
Target Hawkwood Energy
Sector Oil/Gas Exploration
Buyer(s) WildFire Energy
Sellers(s) Warburg Pincus
Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Hawkwood Energy

Denver, Colorado, United States
Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources in East Texas. Hawkwood Energy was founded in 2012 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer

WildFire Energy

Houston, Texas, United States

Category Company
Founded 2019
Sector Oil/Gas Exploration
DESCRIPTION

WildFire Energy is an independent energy company focused on the acquisition, exploitation, and production of oil and natural gas properties in the US through the application of modern technology and production optimization. WildFire Energy was founded in 2019 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 216 of 251
Sector (Oil/Gas Exploration) 18 of 25
Type (Add-on Acquisition) 74 of 90
State (Colorado) 4 of 6
Country (United States) 121 of 137
Year (2021) 10 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Exeter Finance

Austin, Texas, United States

Exeter Finance is an indirect auto finance company. The company underwrites, purchases, services, and securitizes retail installment contracts from U.S. automobile dealers. It works with more than 11,000 dealers and 475,000 customers nationwide providing indirect financing for both new and used vehicles. The company has a serviced finance portfolio of more than $7 billion. Exeter Finance was formed in 2006 and is based in Irving, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-26 Flexxray

Arlington, Texas, United States

FlexXray is a provider of x-ray inspection services focused exclusively on food safety. The company assists food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants from food. Hundreds of manufacturing plants in North America rely on FlexXray’s expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray was founded in 2001 and is headquartered in Arlington, Texas.

Buy -
SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 55 of 72
Sector (Oil/Gas Exploration) 2 of 3
Type (Add-on Acquisition) 22 of 29
State (Colorado) 1 of 1
Country (United States) 28 of 38
Year (2021) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Coda

San Francisco, California, United States

Coda is a software that eliminates the need for multiple documents, sheets, and apps via a powerful “all-in-one” document solution. Coda is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-02 Traeger

Salt Lake City, Utah, United States

Traeger is a manufacturer of wood pellet-burning barbeque grills and smokers. Traeger uses 100% all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger was founded in 1986 and is based in Salt Lake City, Utah.

Sell -