Private Equity
Sunbelt Transformer, which is backed by Trilantic North America, has merged with Solomon, a provider of refurbishment, repair and salvage services for electrical transformers and related electrical equipment. No financial terms were disclosed. Harris Williams was financial adviser to Solomon on the transaction while Lincoln International LLC did likewise for Trilantic. Solomon was a portfolio company of Oaktree Capital Management.
4 min read · 01 July 2019
Marathon Oil Corp said July 1 that it sold its U.K. business to RockRose Energy PLC for $95 million in consideration. The sale to Rock Rose includes the Brae area fields and Foinaven.
1 min read · 01 July 2019
Northleaf Capital Partners has acquired Calgary-based CSV Midstream, a provider of full services for complete midstream solutions. No financial terms were disclosed.
3 min read · 28 June 2019
Lariat Partners has sold Offen Petroleum to Court Square Capital Partners. No financial terms were disclosed. Stephens Inc was financial adviser to Offen Petroleum on the deal while Barclays did likewise for Court Square. Based in Commerce City, Colorado, Offen is a provider of petroleum logistics services and is a specialty distributor of motor fuel and lubricants.
3 min read · 27 June 2019
KKR and Blackrock have closed its deal to acquire a 40 percent stake in Abu Dhabi National Oil Company's pipelines, reported Reuters. The purchase price is $4 billion.
1 min read · 27 June 2019
EMEX LLC, a portfolio company of O2 Investment Partners LLC, has invested in Patriot Energy Group. Financial terms weren’t announced. Patriot Energy Group is a retail electricity and natural gas management firm.
3 min read · 27 June 2019
Aurora Capital Partners has acquired Petroleum Service Corporation, a provider of product handling and site logistics services for the petrochemical, refining, midstream and marine transportation sectors. No financial terms were disclosed. Rothschild & Co. served as financial adviser to SGS and PSC, while Piper Jaffray & Co. did likewise for Aurora.
3 min read · 24 June 2019
HOP Energy LLC, which is backed by Delos Capital and Shorevest Capital, has acquired Kingston, New York-based Kosco Heritage Energy LLC, a distributor of heating oil. No financial terms were disclosed.
1 min read · 20 June 2019
Lime Rock Resources has agreed to acquire oil and natural gas properties in Cleveland and McClain Counties, Oklahoma from BP America Production Company. No financial terms were disclosed.
2 min read · 18 June 2019
HBC and Barcas have acquired Tulsa-based Getka Energy LLC, a crude oil logistics provider, from EnCap Flatrock Midstream. No financial terms were disclosed.
2 min read · 17 June 2019
