Oil & Gas Capital Raises in the U.S. – December 16th-31st, 2024
Several interesting transactions closed in the Oil & Gas sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
-
- Landbridge, a company engaged in managing land and resources to support and promote oil and natural gas development, received $350 million of development capital through a private placement.
- Logan Energy, a growth-oriented exploration, development, and production company, received CAD 45 million of development capital through a private placement.
- Primary Hydrogen, a natural hydrogen exploration company, received CAD 750,000 of development capital through a private placement.
Merger/Acquisition and Corporate
-
- Carroll County Oil, supplier of heating fuel oil catering to families, businesses, and communities, was acquired by Lake Region Energy.
- Cascade Process Controls, provider of turnkey electrical contracting services intended to serve oil and gas, telecommunications, mining, power, automotive and commercial industries, was acquired by Mako Industries.
- Wolf Bone Ranch Partners, provider of land and resource management services intended for the energy industry, was acquired by Landbridge for $245 million.
Buyout/LBO
-
- Greenfire Resources, a company that explores, acquires, develops, and produces oil and gas in the Canadian energy sector and internationally, was acquired by Waterous Energy Fund through an LBO.
- Petro-Line Construction, provider of pipeline construction and maintenance services catering to oil and gas companies across Canada, was acquired by T.D. Williamson, via its financial sponsors Sallyport Investments and SCF Partners, through an LBO.
- T Bailey, provider of vertically integrated large custom steel services intended to serve marine, transportation, chemical, wastewater, oil, and gas industries, was acquired by Saothair Capital Partners through an LBO.
#castleplacement #capitalraising #privateequity #venturecapital #investment #Oil&Gas
John Silvestri
Managing Director
Finance, strategy and capital markets executive. Originated structured and executed, as principal, agent and underwriter, over $4 billion of public and private, structured and project finance transactions. Industry expertise includes Energy and Power, Technology/Fintech/Digital, Sponsor, Transportation and Infrastructure, Consumer, Industrials and Agriculture, Banking, and Specialty Finance. Companies ranging from small to large, leveraged, high grade, venture, SPV’s and project finance. Transaction expertise across capital structure includes public and private bonds, equity, structured and direct investments, and unitranche. Leveraged finance includes senior/sub, bridge, acquisition, mezzanine, equity co-investment, and re-capitalizations. Previously, founder of an advisory and a direct investment business, Managing Director and Co-head of Investment Banking at Altamar Capital, and Director and Head of High Yield Capital Markets in New York for Barclays Capital. BS in Management from SUNY Buffalo. MBA from Fordham Gabelli Business School. FINRA Series 7 and 63 licenses.
- Email: jsilvestri@castleplacement.com
- (C) (203) 803-9861
 John SilvestriManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jsilvestri@castleplacement.com
(C) (203) 803-9861
Send us a message:
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
