Private Equity
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
C&J Energy Services is merging with Keane Group Inc in a deal that will create a diversified oilfield services provider valued at about $1.8 billion. Upon closing of the deal, Keane and C&J will each own 50 percent of the combined company. Keane Group is backed by Cerberus Capital Management.
10 min read · 17 June 2019
C&J Energy Services is merging with Keane Group Inc in a deal that will create a diversified oilfield services provider valued at about $1.8 billion. Upon closing of the deal, Keane and C&J will each own 50 percent of the combined company. Keane Group is backed by Cerberus Capital Management.
10 min read · 17 June 2019
Baird Capital has made an investment in Texas-based AEGIS Energy Risk, a fintech and advisory solutions provider for energy derivatives. No financial terms were disclosed.
3 min read · 12 June 2019
