Private Equity
First Reserve said May 9 that it acquired a majority of IRISNDT Inspection & Engineering Services through a recap. Financial terms weren’t announced. IRISNDT Inspection provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline and industrial markets.
3 min read · 09 May 2019
Ensign Natural Resources LLC, which is backed by Warburg Pincus and Kayne Anderson, has acquired Eagle Ford acreage in South Texas from Pioneer Natural Resources USA Inc. No financial terms were disclosed. BMO Capital Markets was financial adviser to Ensign while Kirkland & Ellis LLP provided legal counsel.
3 min read · 07 May 2019
Offen Petroleum, which is backed by Lariat Partners, has agreed to acquire the business assets of Arizona-based Allied Energy, a fuel distributor. No financial terms were disclosed.
2 min read · 01 May 2019
A CSL Capital-led group has acquired Weatherford's laboratory services business for $206 million. Carlyle helped provide the financing for the acquisition.
3 min read · 30 April 2019
MPC Capital has acquired Tilawind, a wind farm in Costa Rica. The price of the acquisition was about $50 million.
2 min read · 30 April 2019
GenServe LLC, a portfolio company of GenNx360 Capital Partners, has acquired Yonkers, New York-based Power Performance Industries, a provider of maintenance and repair services to industrial generators and backup power solutions, as well as generator and equipment sales and rentals. No financial terms were disclosed.
2 min read · 22 April 2019
Seacoast Capital has exited its investment in Stone Road, a New England regional provider of commercial and residential heating oil and propane. No financial terms were disclosed.
2 min read · 16 April 2019
Starwood Energy Group Global LLC has agreed to acquire two power plants from Calpine Corporation. No financial terms were disclosed. The plants are located in Delaware and Wisconsin. The deal is expected to close in the middle of the year. King & Spalding LLP served as legal counsel to Starwood while White & Case was legal counsel to Calpine.
2 min read · 12 April 2019
Texas-based Layne Water Midstream Holdings, a water midstream business, has secured $200 million in funding. The lead investors were Post Oak Capital LP and Genesis Park LLC.
4 min read · 11 April 2019
CREO, a New York City-based network of family offices and institutional investor Caisse de dépôt et placement du Québec, have teamed up to invest in a sustainable economy. No financial terms were disclosed.
3 min read · 10 April 2019
