Private Equity
Continental Batteries, a portfolio company of Incline Equity Partners, has acquired Battery Sales & Service, an aftermarket battery distributor to the automotive, commercial, solar, golf and marine markets. No financial terms were disclosed.
1 min read · 14 March 2019
TPG will acquire a majority stake in Goodnight Midstream for about $930 million. As part of the transaction, Tailwater Capital LLC and Goodnight Midstream's other investors will maintain a "significant" minority stake. Dallas-based Goodnight Midstream provides oilfield water infrastructure to oil and gas producers.
3 min read · 11 March 2019
Tailwater Capital LLC has sold Petro Waste Environmental to WM Energy Services Holdings. No financial terms were disclosed. Based in San Antonio, Texas, Petro Waste Environmental is a provider of oilfield environmental services and solid waste disposal serving the Permian Basin and Eagle Ford Shale Play.
3 min read · 11 March 2019
Messer Group and CVC Capital Partners have acquired most of the North American gases business of Linde plc, as well as certain Linde business activities in South America. No financial terms were disclosed.
3 min read · 08 March 2019
Intergulf, which is backed by Kinderhook, has acquired Hodgkins, Illinois-based Beaver Oil, a treatment and recycling company. No financial terms were disclosed. Kirkland & Ellis LLP served as legal counsel to Kinderhook while Engelberg & Smith did likewise for Beaver Oil.
3 min read · 07 March 2019
Alberta Investment Management Corp has closed its acquisition of a majority stake in Eolia Renovables de Inversiones SCR SA, a Spanish renewable energy company. Terms weren’t released for the deal, which was announced in November. It saw the Canadian pension fund acquire more than 90 percent of Eolia from U.S. private equity firm Oaktree Capital Management. Oaktree acquired the business, a developer, builder and operator of wind farms and solar photovoltaic plants, in 2015.
3 min read · 05 March 2019
Argonaut Private Equity has made an investment in Houston-based Mammoth Carbon Products, a pipeline distribution company. No financial terms were disclosed.
2 min read · 28 February 2019
First Reserve has agreed to acquire Weir Flow Control, a maker of engineered valves and pumps used in energy and broader industrial applications, from The Weir Group PLC. No financial terms were disclosed. The deal is expected to close in the second quarter of this year.
3 min read · 25 February 2019
BlackRock and KKR are investing $4 billion in Abu Dhabi’s oil pipelines. BlackRock and KKR are buying 40 percent in an entity called ADNOC Oil Pipelines, which will lease ADNOC’s interest in 18 pipelines for a 23-year period.
8 min read · 25 February 2019
Drillinginfo, a portfolio company of Genstar Capital, has acquired Cortex, a network-as-a-service company that enables automation of accounts payable and receivable processes for the oil and gas industry. No financial terms were disclosed.
3 min read · 21 February 2019
