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 M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 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 M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 4 of 5 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 7 of 8 |
| Year: 2023 M&A | 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 | 24.0B 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 | 55 of 59 |
| Sector: Energy Services and Equipment M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 16 of 17 |
| State: California M&A | 7 of 8 |
| Country: United States M&A | 44 of 47 |
| Year: 2023 M&A | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-07 |
Virgin Voyages
Plantation, Florida, United States Virgin Voyages is an adult cruise line, delivering unforgettable, relaxing vacations at sea. Inspired by superyacht design, its fleet of "Lady Ships" exemplify an elevated, boutique hotel at sea with contemporary spaces that strike the perfect balance of nautical chic and glamour. Virgin Voyages was founded in 2021 and is based in Plantation, Florida. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-01 |
London Square
Uxbridge, United Kingdom London Square was established to develop residential housing within Greater London. The company acquires land, obtains planning permission for development, builds and sells the housing units. London Square was founded in 2010 and is based in Uxbridge, United Kingdom. |
Sell | £230M |
