M&A Deal Summary |
|
|---|---|
| Date | 2023-11-02 |
| Target | Cureton Midstream |
| Sector | Energy Services and Equipment |
| Buyer(s) | Williams Field Services Group |
| Sellers(s) |
Tailwater Capital
Ares Private Equity Group |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Evercore Group (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Sector | Energy Services and Equipment |
Williams Field Services Group is a provider of gas distribution services. Williams Field Services Group is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (California) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2023) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2013 |
| PE ASSETS | 4.4B USD |
| Size | Large |
| Type | Sector Focused |
Tailwater Capital LLC is a specialist private equity firm focused on middle-market opportunities in the midstream and upstream sectors of the energy industry. Tailwater will consider acquisitions of non-core assets, roll-up situations, anchored greenfields, and joint ventures. Tailwater Capital was formed in 2013 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 8 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 4 of 5 |
| State (California) | 1 of 1 |
| Country (United States) | 7 of 8 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-25 |
Ash Creek Renewables
Southport, Connecticut, United States Ash Creek Renewables provides renewable fuel feedstock marketing and aggregation services to the biomass diesel and sustainable aviation fuel industries. Ash Creek Renewables is based in Southport, Connecticut. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-01 |
Tall Oak Midstream III
Edmond, Oklahoma, United States Tall Oak Midstream III assets consist of more than 120 miles of low-pressure and high-pressure pipelines in the Arkoma Basin, as well as the recently developed and fully operational Panther Creek Plant, a 200 MMscf/d RSV technology processing plant that currently moves processed gas to MarkWest’s Arkoma Connector. Tall Oak Midstream III is based in Edmond, Oklahoma. |
Sell | $155M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 43 of 43 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 11 of 11 |
| State (California) | 7 of 7 |
| Country (United States) | 39 of 39 |
| Year (2023) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-26 |
Dynamic Renewables
Menasha, Wisconsin, United States Dynamic Renewables is a full-service development company that provides waste recovery solutions to the agricultural and food processing industries. The company has finance, design, development, and operations capabilities that support its portfolio of operating and development-stage renewable natural gas assets. Dynamic Renewables was founded in 2011 and is based in Menasha, Wisconsin. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-04 |
Burnham RNG
Arlington, Virginia, United States Burnham RNG is a wastewater and agricultural waste-to-renewable natural gas (RNG) provider that helps communities profitably reduce waste treatment costs while improving environmental outcomes. The company manages and reuses organic waste and wastewater and transforms it into RNG, clean water, and high-value soil additives. Burnham RNG is based in Arlington, Virginia. |
Buy | - |
