Location: Houston, TX
Industry: Oil & Gas – Well Services
DVS Role: Buy-Side Advisory to Company
The Buyer: Cimarron Infrastructure Group is an operating group and holding company focused on the acquisition of firms in the energy, natural resource and agribusiness sectors. CIG is based in Kansas City.
The Seller: ABC Nitrogen Service Corp. is based in southeast Texas. The Company provides coiled tubing, fluid pumping and nitrogen services to wells throughout Texas and Louisiana.
The Close: Cimarron Infrastructure Group retained DVS to assist it with sourcing, engaging, and acquiring targets suitable for CIG’s portfolio. Working together, CIG and DVS developed a small initial list of targets which DVS then prospected aggressively. Following initial contact with ABC Nitrogen, a mutually beneficial deal was quickly negotiated. DVS then assisted CIG with sourcing capital partners to build its investor base. Closing occurred on schedule at the end of 2012.