Untitled Document
Untitled Document

ASAP Industries acquired by American Capital

On December 31, 2012, ASAP Industries LLC, a portfolio company of Hudson Ferry Capital LP, was private equity by private equity firm and global asset manager, American Capital Ltd.

ASAP, based in Houma, Louisiana, is a  manufacturer of high-pressure flow-control products for the global crude oil and natural gas industry. ASAP specializes in the manufacture of API-certified products that are used in drilling, completion and production activities. The company also provides aftermarket repairs for flow-control assemblies, including blowout preventers. ASAP's customers include  original equipment manufacturers, oilfield service companies, and rental equipment suppliers.

Hudson Ferry is a New York-based private equity firm that was formed in 2006. It is currently making investments from Hudson Ferry Capital II, LP, a $155 million fund with a focus on lower-middle-market niche manufacturing and business service companies. Hudson Ferry partners with entrepreneurial owners and managers of established privately owned companies that are differentiated through product or process innovation.

American Capital, based in Bethesda, Maryland, is a publicly traded private equity firm and global asset manager. It originates, underwrites and manages investments in middle-market private equity, leveraged finance, real estate and structured products, and manages $18.6 billion of assets.

Related Articles

Paragon Offshore arranges debt financing for spin-off from Noble

07/07/2014 Noble Corp. reports that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third ...

SAExploration completes $150M senior secured notes offering

07/05/2014

SAExploration Holdings Inc. has completed its private offering of $150 million aggregate principal amount of 10.000% senior secured notes due 2019.

Texhoma Energy signs LOI to raise $5M from Southridge Partners II

07/03/2014 Texhoma Energy Inc. has signed a letter of intent with Southridge Partners II LP, an institutional investor, outlining terms for an equity purchase agreement in the amount of $5 million, which if f...

Caprock Oil closes initial tranche of private equity offering

07/03/2014

Caprock Oil Inc. has closed the initial tranche of a private equity offering of its unit securities with a group of accredited investors.

ExxonMobil invests more than $1B in Antwerp refinery

07/02/2014 ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical BVBA, plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher-sulfur residual...

More Oil & Gas Financial Articles

Paragon Offshore arranges debt financing for spin-off from Noble

Mon, Jul 7, 2014

Noble Corp. reports that Paragon Offshore Ltd., its wholly owned subsidiary, is beginning the process of raising external financing in preparation for the spin-off of Paragon Offshore in the third quarter of 2014. 

SAExploration completes $150M senior secured notes offering

Sat, Jul 5, 2014

SAExploration Holdings Inc. has completed its private offering of $150 million aggregate principal amount of 10.000% senior secured notes due 2019.

Texhoma Energy signs LOI to raise $5M from Southridge Partners II

Thu, Jul 3, 2014

Texhoma Energy Inc. has signed a letter of intent with Southridge Partners II LP, an institutional investor, outlining terms for an equity purchase agreement in the amount of $5 million, which if funded, will create significant growth capital to Texhoma.

Caprock Oil closes initial tranche of private equity offering

Thu, Jul 3, 2014

Caprock Oil Inc. has closed the initial tranche of a private equity offering of its unit securities with a group of accredited investors.

ExxonMobil invests more than $1B in Antwerp refinery

Wed, Jul 2, 2014

ExxonMobil affiliate Esso Belgium, a division of ExxonMobil Petroleum & Chemical BVBA, plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher-sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ