M&A Deal Summary

CSL Capital Management and The Carlyle Group Acquire Stratum Reservoir

On April 30, 2019, private equity firms CSL Capital Management and The Carlyle Group acquired energy services and equipment company Stratum Reservoir for 205M USD

Acquisition Highlights
  • This is CSL Capital Management’s 1st and The Carlyle Group’s 25th transaction in the Energy Services and Equipment sector.
  • This is CSL Capital Management’s and The Carlyle Group’s 105th largest (disclosed) transaction.
  • This is CSL Capital Management’s 1st and The Carlyle Group’s 308th transaction in the United States.
  • This is CSL Capital Management’s 1st and The Carlyle Group’s 49th transaction in Texas.

M&A Deal Summary

Date 2019-04-30
Target Stratum Reservoir
Sector Energy Services and Equipment
Buyer(s) CSL Capital Management
The Carlyle Group
Deal Type Divestiture
Deal Value 205M USD

Target

Stratum Reservoir

Houston, Texas, United States
website
Stratum Reservoir operates customer-focused laboratories to enable the discovery and sustainable development of energy resources through applied geosciences. Stratum supports energy resource investment and divestiture strategies worldwide through the analysis and interpretation of rocks and fluids. Stratum specializes in reservoir characterization, laboratory services and instrumentation designed to deliver scientific insights in upstream, midstream and mining operations.

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Buyer(S) 2

Buyer
DESCRIPTION

CSL Capital Management is a private equity firm focused on the energy services and equipment sector. The Firm looks to support a variety of investment situations including growth financings, recapitalizations, and corporate divestitures. CSL Capital Management was formed in 2008 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 1 of 3
Sector (Energy Services and Equipment) 1 of 3
Type (Divestiture) 1 of 1
State (Texas) 1 of 3
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 Optum Energy Solutions

Houston, Texas, United States

Optum Energy Solutions delivers reliable pipeline drag reduction solutions to ensure efficiency for oil and gas operators. Optum Energy Solutions was formed in 2015 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 Ranger Energy Services

Houston, Texas, United States

Ranger Energy Services is an provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger Energy Services is based in Houston, Texas.

Buy -
Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 633 of 692
Sector (Energy Services and Equipment) 25 of 25
Type (Divestiture) 67 of 71
State (Texas) 49 of 51
Country (United States) 308 of 335
Year (2019) 7 of 18
Size (of disclosed) 105 of 133
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-18 Payzone UK

Cheshire, United Kingdom

Payzone UK Ltd. is the largest consumer payments network in the country with over 7,500 retail agents which process a variety of electronic transaction services, including mobile phone top-ups, debit/credit card transactions; M50 motorway toll payments; Leap travel cards, local property tax payments, parking fees, schools and clubs payment platform, pre-paid utility and parcel collection services.

Sell €100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-08 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Sell $175M