•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Platte River Equity acquires oil and gas flow control company

    Platte River Equity

    Denver-based private equity firm acquires manufacturer of flow control products for the oil and gas and petrochemical industries

    Denver, CO-based private equity firm Platte Platte River Equity has increased its presence in the oil and gas space with the acquisition of The WellMark Company LLC. Oklahoma City, OK-based WellMark manufactures liquid and pneumatic flow controls and valves serving the oil and gas and petrochemical industries. 

    Platte River Principal Mark Brown said, "The significant development of unconventional resources in North America has driven the need for continued build-out of production and pipeline infrastructure.  We believe that the acquisition of WellMark provides an opportunity to capitalize on these growing demand trends and establishes a solid platform for future investments in the flow control industry." 

    Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel, and St. Charles Capital served as buy-side advisor to Platte River. Madison Capital Funding LLC provided senior debt financing for the transaction.

    Platte River Equity is a private equity firm focused on investments in lower middle market operating companies with enterprise values generally between $20 million and $250 million, as well as strategic add-on investments. The firm focuses on investing in the aerospace and transportation; energy and industrial services; and chemicals, metals and industrial minerals sectors. Platte River Equity manages funds with committed capital of approximately $700 million. 

    Related Articles

    Gastar Exploration sees base increase to $145M

    08/14/2014

    Gastar Exploration Inc. reported that the borrowing base under its revolving credit facility has been increased to $145 million.

    RSP Permian closes public offering

    08/14/2014 RSP Permian Inc. has completed an underwritten public offering by the company and certain of its stockholders of 11,500,000 shares of its common stock at a price to the public of $25.65 per share.&...

    CONSOL closes $250 million of senior notes

    08/14/2014 CONSOL Energy Inc. has closed an additional $250 million of its 5.875% senior notes due 2022. CONSOL initially offered and sold $1.6 billion aggregate principal amount of notes of the same series o...

    Dejour secures $1.5 million for Woodrush development

    08/12/2014 Dejour Energy Inc. has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to support the company’s ...

    TPH is in the advice business

    08/11/2014 From boutique-sized investment back to an integrated financial institution specializing in energy investment and advisory services, Tudor, Pickering, Holt & Co. is well-known in the energy spac...

    More Oil & Gas Financial Articles

    Gastar Exploration sees base increase to $145M

    Thu, Aug 14, 2014

    Gastar Exploration Inc. reported that the borrowing base under its revolving credit facility has been increased to $145 million.

    RSP Permian closes public offering

    Thu, Aug 14, 2014

    RSP Permian Inc. has completed an underwritten public offering by the company and certain of its stockholders of 11,500,000 shares of its common stock at a price to the public of $25.65 per share. 

    CONSOL closes $250 million of senior notes

    Thu, Aug 14, 2014

    CONSOL Energy Inc. has closed an additional $250 million of its 5.875% senior notes due 2022. CONSOL initially offered and sold $1.6 billion aggregate principal amount of notes of the same series on April 16.

    Dejour secures $1.5 million for Woodrush development

    Tue, Aug 12, 2014

    Dejour Energy Inc. has entered into subscription agreements for an equity financing that will result in gross proceeds of US$1.5 million with three institutional investors to support the company’s third-quarter 2014 Woodrush development plan.

    TPH is in the advice business

    Mon, Aug 11, 2014

    From boutique-sized investment back to an integrated financial institution specializing in energy investment and advisory services, Tudor, Pickering, Holt & Co. is well-known in the energy space. OGFJ sat down with Maynard Holt, co-president of TPH and leader of the firm’s upstream advisory business, to talk shop

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ