M&A Deal Summary

Woodlawn Partners and Banyan Investment Partners Acquire NewKota Services and Rentals

On April 25, 2014, private equity firm Woodlawn Partners and mezzanine finance firm Banyan Investment Partners acquired oil/gas exploration company NewKota Services and Rentals

Acquisition Highlights
  • This is Woodlawn Partners’ 1st and Banyan Investment Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Woodlawn Partners’ 4th and Banyan Investment Partners’ 63rd transaction in the United States.
  • This is Woodlawn Partners’ 1st and Banyan Investment Partners’ 1st transaction in North Dakota.

M&A Deal Summary

Date 2014-04-25
Target NewKota Services and Rentals
Sector Oil/Gas Exploration
Buyer(s) Woodlawn Partners
Banyan Investment Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

NewKota Services and Rentals

Minot, North Dakota, United States
NewKota Services and Rentals provides oilfield line deicing services and rents unique, patent-pending waste fluid management tanks and pipe ramps. NewKota Services and Rentals was founded in 2011 and is based in Minot, North Dakota.

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Buyer(S) 2

DESCRIPTION

Woodlawn Partners, Inc. is a private investment firm focused on acquiring businesses in traditional industries. The Firm targets companies with at least $5 million in revenues and $1 million of EBITDA. Sectors of interest include manufacturing, facility services, information technology, financial services, food/beverages, transportation, and distribution. Woodlawn Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 15
Sector (Oil/Gas Exploration) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 13
State (North Dakota) 1 of 1
Country (United States) 4 of 15
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Vestek Industries

Houston, Texas, United States

Vestek Industries is a Society of Mechanical Engineers certified manufacturer and supplier of steel tanks and pressure vessels. Vestek Industries is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 BB7

Madison, Wisconsin, United States

BB7 is an operator of product design and product development consulting firm focused on providing strategy, innovation, design, engineering, prototyping, and testing services through new product implementation. BB7 was founded in 1944 and is based in Madison, Wisconsin.

Buy -
Buyer

Banyan Investment Partners

Miami, Florida, United States

Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 550M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.


DEAL STATS #
Overall 63 of 73
Sector (Oil/Gas Exploration) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 21 of 28
State (North Dakota) 1 of 1
Country (United States) 63 of 73
Year (2014) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 CareFinders

Hackensack, New Jersey, United States

CareFinders is a personal care provider in the Northeast, with a scaled presence in New Jersey, Pennsylvania, and Connecticut. The company delivers approximately 10 million hours of care annually to over 7,500 patients through its more than 6,200 caregivers. CareFinders was founded in 1995 and is based in Hackensack, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-12 EnviroVac Holdings

Savannah, Georgia, United States

EnviroVac Holdings LLC is a provider of mission-critical cleaning and maintenance services to blue-chip customers. EnviroVac provides general industrial, chemical cleaning, environmental, digital inspections, fluid treatment and automated cleaning solutions to the power & utilities, pulp & paper, chemical, steel and manufacturing end industries. EnviroVac Holdings LLC was established in 1998 and is headquartered in Savannah, Georgia.

Sell -