M&A Deal Summary

Yorktown Partners and EnCap Investments Acquires Catalyze

On January 1, 2019, asset manager Yorktown Partners and growth capital firm EnCap Investments acquired renewable energy company Catalyze Corp.

Acquisition Highlights
  • This is Yorktown Partners’ 1st and EnCap Investments’ 1st transaction in the Renewable Energy sector.
  • This is Yorktown Partners’ 3rd and EnCap Investments’ 84th transaction in the United States.
  • This is Yorktown Partners’ 1st and EnCap Investments’ 12th transaction in Colorado.

M&A Deal Summary

Date 2019-01-01
Target Catalyze Corp.
Sector Renewable Energy
Buyer(s) Yorktown Partners
EnCap Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Catalyze Corp.

Boulder, Colorado, United States
website
Catalyze is a developer and independent power producer of renewable distributed generation, storage, and electric vehicle projects, unlocking the commercial and industrial markets at scale through a first-of-its-kind approach. The company owns and operates integrated renewable assets and combines its proprietary technology, financial strength, and battery and electric vehicle savvy to deliver standardized, yet configurable systems that meet their partners’ unique needs. These offerings enable property owners and customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze is headquartered in Boulder, Colorado with offices in California, Massachusetts, and Texas.

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Buyer(S) 2

Buyer

Yorktown Partners

New York, New York, United States


Category Asset Manager
Founded 1983
SizeSmall
Type Sector Focused
DESCRIPTION

Yorktown Partners is a specialist private investment firm that seeks investments in energy related businesses. Yorktown specifically targets investments in North American based oil/gas companies as well as infrastructure related assets such as pipelines. Typical equity investments range from $10 to $70 million. Yorktown Partners was formed in 1983 and is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Colorado) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 ATX Energy Partners

Austin, Texas, United States

ATX Energy Partners is an Austin Texas-based exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Brigham Minerals, Inc.

Austin, Texas, United States

Brigham Minerals is an oil and gas company. Brigham focuses on utilizing advanced exploration, drilling and completion technologies to explore, develop and produce onshore U.S. crude oil and liquids reserves.

Sell -
Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
SizeMega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


DEAL STATS #
Overall 86 of 87
Sector (Renewable Energy) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 43 of 43
State (Colorado) 12 of 12
Country (United States) 84 of 85
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-20 Halcón Resources Corp.

Houston, Texas, United States

Halcón Resources is a Houston-based start-up oil and gas acquisition and development company that was formed to recapitalize and take control of a public company formerly known as RAM Energy Resources. The management team is led by Floyd Wilson and Halcón represents his fourth major startup oil & gas company and his third consecutive partnership with EnCap, the most recent being Petrohawk Energy. Halcón is focused on building a high-growth portfolio of oil and liquids-rich resource plays to complement its existing asset base.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Modern Resources, Inc.

Calgary, Alberta, Canada

Modern Resources is an oil and gas company focused on the pursuit of proved reserve acquisitions. Modern Resources was founded in 2012 and is based in Calgary, Alberta.

Sell CA$144M