Vertellus acquires Bercen Chemicals, expands anhydrides capabilities
Vertellus has acquired Bercen Chemicals, a supplier of alkyl succinic anhydrides and additives used in the fuel, lubricant, and paper industries. “This acquisition expands the range of products that Vertellus is able to offer to the North American market” said Jim Elliott, General Manager of Vertellus’ Anhydrides & Specialties business. “The acquisition also provides us with […]
Search Funds: A unique path to becoming an owner and CEO
I count owning and growing my own business as one of the great thrills and accomplishments of my life. I also had a great time working as an employee at ExxonMobil and Cimarex Production many years ago, but having one’s hand on the helm of the ship is a different experience entirely. I was not […]
Arcosa, Inc. to acquire Cherry Companies
Arcosa, Inc., a provider of infrastructure-related products and solutions, has reached a definitive agreement to acquire Cherry Industries, Inc. and affiliated entities for $298 million. Cherry is a leading producer of natural and recycled aggregates in the Houston, Texas market. For the twelve-month period ended September 30, 2019, Cherry had revenues of approximately$176 million and […]
DTE Midstream acquires gathering system, pipeline
DTE Midstream, a non-utility business of DTE Energy, has entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville Shale formation of Louisiana for a purchase price of $2.25 billion in cash, plus a $400 million milestone payment upon completion of the gathering pipeline in the second half of 2020. […]
Parsley Energy acquires Jagged Peak Energy in all-stock transaction
Parsley Energy Inc. and Jagged Peak Energy Inc. have entered into a definitive merger agreement under which Parsley will acquire Jagged Peak in an all-stock transaction valued at approximately $2.27 billion, including Jagged Peak’s net debt of approximately $625 million. Under the terms of the agreement, Jagged Peak shareholders will receive a fixed exchange ratio […]
Entergy Mississippi acquires Choctaw County Generating Station
Entergy Mississippi LLC has closed its purchase of the 810-megawatt Choctaw County Generating Station. The transaction represents a major step toward modernizing the electric grid and providing additional efficient, clean energy for customers. The Choctaw County Generating Station is a clean and modern combined-cycle natural gas turbine unit, consisting of three combustion turbines, a steam […]
NOV completes the acquisition of Denali Inc.
NOV recently completed its acquisition of Denali Inc., a renowned leader in fiberglass-reinforced plastic (FRP) products and technologies with more than 50 years of providing innovative FRP solutions to the petroleum, chemical, power generation and water industries. Denali’s largest business, Containment Solutions Inc., primarily manufactures large underground FRP tanks used to store fuel at gasoline […]
Brand Energy & Infrastructure Services acquires SYN-Service
In a move to expand its geographic footprint in eastern Germany and its capabilities in the energy sector and industrial markets, Brand Energy & Infrastructure Services has acquired SYN-Service. A provider of scaffolding solutions to industrial markets and the energy sector, SYN-Service also supports maintenance, repair and new construction in the bridge industry. “SYN-Service is […]
DuPont acquires Memcor® membrane filtration business
DuPont has signed an agreement to acquire the Memcor® business, including ultrafiltration and membrane biofiltration technologies, from Evoqua Water Technologies Corp. The transaction is expected to close by the end of 2019, subject to customary closing conditions and regulatory approvals. “The addition of Evoqua’s ultrafiltration portfolio opens DuPont Water Solutions to additional market spaces including […]
Roan Resources to be acquired by Citizen Energy
Roan Resources Inc. has entered into a definitive merger agreement to be acquired by Citizen Energy Operating LLC, an affiliate of Warburg Pincus LLC, in an all-cash transaction valued at approximately $1 billion, including Roan’s funded net debt of approximately $780 million at press time. The transaction is expected to be completed during the fourth […]
Contango to acquire assets of White Star Petroleum LLC
Contango Oil & Gas Co. has entered into an asset purchase agreement to acquire the assets of White Star Petroleum LLC and certain affiliates as a part of the White Star Chapter 11 bankruptcy, 363 sales process. The asset purchase agreement provides that Contango will acquire approximately 15,000 boe/d of production, approximately 20 million boe […]
NextEra Energy Partners LP to acquire Meade Pipeline Co. LLC
NextEra Energy Partners LP has entered a definitive agreement to acquire Meade Pipeline Co. LLC in a transaction valued at approximately $1.37 billion, including roughly $90 million in future capital contributions through 2022, which are related to an expansion opportunity at the existing pipeline. Meade Pipeline owns a 39.2-percent interest in the Central Penn Line, […]
Total Safety acquires S&S Supplies and Solutions
Total Safety recently acquired S&S Supplies and Solutions to expand its distribution offerings, providing customers with safe, reliable industrial products and safety supplies through best-in-class distribution solutions. S&S has a network of distribution centers strategically located throughout the U.S. and is a leading supplier of safety products, industrial supplies and related compliance services to the […]
Wolseley Industrial Group acquires Process Instruments & Controls
Wolseley Industrial Group, the industrial division of Ferguson Enterprises LLC, has acquired Process Instruments & Controls LLC. The company will transition to the Wolseley Industrial Group brand. Headquartered in Bakersfield, California, Process Instruments & Controls LLC is a distributor of high-quality process instrumentation, valves and control valves. “We are committed to expanding our valve and […]
CPS Performance Materials acquires GEO Specialty Chemicals
CPS Performance Materials has acquired GEO Specialty Chemicals. The terms of the acquisition were not disclosed. GEO is a diverse supplier of specialty chemicals and materials to the coatings, adhesives, medical, water treatment and construction markets. The company operates in three divisions — Paints & Coatings, Water Treatment, and Specialty & Construction — with leading […]
VLS Recovery Services acquires Tubal-Cain Marine Services
VLS Recovery Services has acquired Tubal-Cain Marine Services located in Port Arthur, Texas, and Lake Charles, Louisiana. The new acquisition has been rebranded to VLS Marine Services LLC and will provide barge cleaning, repair and industrial services to the ever-expanding petrochemical industry in the Port Arthur and Beaumont, Texas, and Lake Charles areas. “We are […]
