Project Category: Oil & Gas Services

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Wright Trucking, Inc. has been acquired by Hastings Equity Partners
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Wright Trucking, Inc. has been acquired by Hastings Equity Partners

The Selling Company: Wright Trucking, Inc. is an energy services firm that is involved in transporting and disposing of produced water from oil and gas production activities. The company also rents frac tanks and operates disposal wells in the Panhandle of Texas. Why the company was sold: The majority shareholder was nearing retirement age and...

M&M Environmental Oil Field Svcs. has been acquired by Omega Capital
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M&M Environmental Oil Field Svcs. has been acquired by Omega Capital

The Selling Company: M&M Environmental Oil Field Services, LLC Why the company was sold: M&M was growing very rapidly and eventually outgrew its equity. Rather than take on additional debt, the principals decided to partner with a private equity company that could keep up with the financial needs of the company in order to realize...

Midfield Supply Ltd. has been acquired by Red Man Pipe & Supply Co.
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Midfield Supply Ltd. has been acquired by Red Man Pipe & Supply Co.

The Selling Company: Midfield Supply Ltd. is one of the leading suppliers of technologically advanced products to the energy sector in western Canada. Over its 20-year history, it successfully diversified into manufacturing, consulting, and outsourcing services, in addition to consistently growing its core retail business. At the time of the transaction, it operated 55 company-owned...

Panhandle Oilfield Service has sold an 80% stake to Akoya Capital
Project

Panhandle Oilfield Service has sold an 80% stake to Akoya Capital

The Selling Company: Panhandle Oilfield Service Companies, Inc. Why the company was sold: Customers were clamoring for the company to continue to grow and add services. The shareholders wanted to grow the company as well, but did not want to continue to personally guarantee the debt. They felt that, with additional strategic management oversight and...

Potter Trucking, Inc. has been acquired by Blueknight Energy Partners, LP
Project

Potter Trucking, Inc. has been acquired by Blueknight Energy Partners, LP

The Selling Company: Potter Trucking, Inc. Why the company was sold: The majority shareholder was nearing retirement age and wanted to begin the process of selling his company. The buyer saw an opportunity to eliminate a fierce competitor and gain access to their customers. Capital Alliance’s Performance: CA introduced 25 potential buyers in the process,...

Foster Testing, Inc. has been acquired by Hastings Equity Partners
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Foster Testing, Inc. has been acquired by Hastings Equity Partners

The Selling Company: Foster Testing, Inc. is an energy services firm that provides chemical applications to oil and gas wells, as well as removal and disposal of hazardous materials. Why the company was sold: The majority shareholder was nearing retirement age and planning to begin the process of selling his company. He wanted his son...

Keane & Sons Drilling Co. has been acquired by Cerberus Capital Management LP
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Keane & Sons Drilling Co. has been acquired by Cerberus Capital Management LP

The Selling Company: Keane & Sons Drilling & Fracing, headquartered in Lewis Run, Pennsylvania, is one of the premier service providers in the Marcellus Shale play in Pennsylvania, West Virginia, and Ohio. Why the company was sold: The shareholders were seeking liquidity, diversification, and estate preservation for themselves and their families. Capital Alliance’s Performance: CA...

CDK Perforating has been acquired by SCF Partners
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CDK Perforating has been acquired by SCF Partners

The Selling Company: CDK is a $35 million revenue energy services company providing wellbore perforating, wireline, and well logging services to oil and gas E&P companies. Company services are in high demand, and revenues and profits more than doubled over the past two years. The current employee count is in excess of 100. Why the...