Private Equity
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
Warburg Pincus and Kayne Anderson have agreed to provide WildFire Energy with an equity commitment exceeding $1 billion. Based in Houston, WildFire is an oil and gas exploitation and production company.
4 min read · 18 July 2019
Albireo Energy, which is backed by Huron Capital, has acquired Alabama Controls, a provider of building automation and HVAC control solutions as well as equipment and parts sales. No financial terms were disclosed.
4 min read · 18 July 2019
Fulcrum Energy Capital Funds has formed Pachira Oil & Gas, which is focused on the development and production of oil in South Texas. Also, Pachira has acquired over 10,000 net acres of leasehold in the Eagle Ford Shale Play in South Texas. No financial terms were disclosed.
2 min read · 15 July 2019
