Quantum Capital Group Acquires Caerus Oil & Gas Assets for $1.8B

Kodiak Gas Services (EQT) Acquires Pegasus Optimization Managers from Apollo

September 25, 2019

Oil & Gas

EQT Infrastructure portfolio company Kodiak Gas Services has signed a definitive agreement to acquire Pegasus Optimization Managers from affiliates of Apollo Natural Resource Partners II. The deal combines two fast-growing contract compression businesses — creating a leading U.S. contract compression platform with more than 2,500,000 revenue-generating horsepower; the transaction is expected to close in Q4 2019 and financial terms were not disclosed.

Seneca Resources Acquires QED National

May 26, 2023

IT Services

Seneca Resources, a Caymus Equity-backed IT and engineering professional services firm, has acquired QED National, a New York City–based IT consulting and cybersecurity provider. The add-on transaction (closed May 26, 2023) expands Seneca's consulting and cybersecurity capabilities and establishes a new office in New York City to broaden its national presence.

Crescent Energy Acquires Uinta Basin Assets from Verdun/EP Energy for $690M

March 31, 2022

Energy

Crescent Energy Co. closed its purchase of Uinta Basin oil and gas assets in Utah for $690 million, acquiring approximately 145,000 contiguous net acres producing roughly 30,000 boe/d (about 65% oil). The assets were sold by Verdun Oil Co. II LLC (an EnCap Investments-backed vehicle) previously associated with EP Energy; Crescent said the deal expands its Rockies position and adds multiyear development inventory and cash flow.

Caerus Equity Partners Acquires C&L Cylinder and Machine, LLC

December 1, 2023

Industrial Services

Caerus Equity Partners, a lower-middle-market private equity firm based in Atlanta, acquired C&L Cylinder and Machine, a Rome, Georgia-based provider of machining, welding, grinding, repair, and manufacturing services. The founder, Eddie Terry, is exiting and will collaborate with Caerus' founder Ben Eugrin as the firm seeks to grow the business and expand services for existing and new customers.

Cardinal Services Acquires Quality Energy Services

August 14, 2025

Energy

Cardinal Services, backed by Kotts Capital Holdings, has acquired Quality Energy Services (QES), an offshore well intervention and production optimization provider headquartered in Broussard, Louisiana. The deal expands Cardinal's specialty oilfield services capabilities and footprint across the Gulf of Mexico and Gulf Coast; QES President Randy Landry will remain with the combined company to lead QES post-closing.

Qualus Corporation Acquires ASSET Engineering

June 17, 2024

Energy

Qualus Corporation has acquired ASSET Engineering, a Jackson, Mississippi–based power engineering and consulting firm specializing in renewable generation development, battery energy storage systems, microgrids, and distributed energy resources. The acquisition expands Qualus' capabilities in renewables, energy storage, and critical-infrastructure support for clients such as utilities, developers, and data centers and broadens its U.S. footprint.