Private Equity
Grupo Energía Bogotá has acquired Electro Dunas Cayman Holdings from Blue Water Advisors. No financial terms were disclosed. Based in Peru, Electro Dunas provides distributed generation solutions as well as construction, operation and maintenance services for power infrastructure and equipment.
3 min read · 12 August 2019
Qatar Investment Authority has acquired a "significant" stake in Oryx, a midstream crude operator in the Permian Basin, from Stonepeak Infrastructure Partners. QIA's investment is about $550 million. White & Case LLP served as legal adviser to QIA on the transaction while Sidley Austin LLP did likewise for Stonepeak.
4 min read · 07 August 2019
Air Products said Aug. 5 that it acquired General Electric Co’s gasification business from GE Power. Financial terms weren’t announced. The gasification business acquired by Air Products includes GE's share of its 50/50 joint venture with China Shenhua Coal to Liquid and Chemical Company Ltd.
2 min read · 05 August 2019
Shermco Industries Inc, a portfolio company of Gryphon Investors, said Aug. 5 that it acquired Southwest Energy Systems LLC. Financial terms weren’t announced. Southwest, of Phoenix, Arizona, is a provider of electrical testing, maintenance, and repair services in North America.
3 min read · 05 August 2019
Abry Partners said Aug. 1 that it acquired a majority of Franklin Energy Group. Kohlberg & Co LLC are the sellers. Financial terms weren’t announced. Franklin Energy, of Port Washington, Wisconsin, provides demand side management solutions to utility clients.
4 min read · 01 August 2019
ProStar Capital has acquired the oil storage terminal on the island of St. Eustatius in the Caribbean from NuStar Energy LP. The purchase price was $250 million.
3 min read · 30 July 2019
Sure Shot Holdings LLC, the parent company of Sure Shot Drilling, has acquired four Colorado-based utility service companies: DrillTech Directional Services, Pinnacle Development, BAS Rentals and A to Z Cable Construction. No financial terms were disclosed. Sure Shot Holdings is backed by Diamond State Ventures, Banyan Investment Partners, Asydan Capital Management and Post Road Group.
3 min read · 23 July 2019
Presidio Petroleum, a portfolio company of Morgan Stanley Energy Partners, has acquired the oil and natural gas producing properties in the western Anadarko Basin of Texas, Oklahoma, and Kansas from Apache Corporation. No financial terms were disclosed.
3 min read · 23 July 2019
Blackstone Group is weighing selling its stake in Cheniere Energy Partners LP after a seven year hold, Bloomberg reported. The company is being marketed to a small number of potential buyers including infrastructure, pension and sovereign wealth funds, the story said.
1 min read · 23 July 2019
LineStar, a portfolio company of First Reserve, has acquired Remote Operations Center LLC and The Compliance Group Inc. No financial terms were disclosed. ROC is a provider of control room operations for pipeline and facility operators while CGI is a oil and gas regulatory and environmental compliance consulting company based in the Houston, Texas area.
3 min read · 22 July 2019
