WhiteHawk Acquires PHX Minerals Inc.

The Black Phoenix Group Acquires PACCAR Winch from PACCAR Inc.

November 1, 2024

Manufacturing

The Black Phoenix Group LLC completed the acquisition of PACCAR Winch from PACCAR Inc. on November 1, 2024; financial terms were not disclosed. Patriot Capital and Bluehenge Capital Partners provided debt and equity co-investment support for the carve-out; PACCAR Winch will continue to operate under its current management and join BPG’s industrial portfolio.

Southwestern Energy Acquires Indigo Natural Resources for ~$2.7B

September 1, 2021

Energy

Southwestern Energy Company agreed to acquire Haynesville-focused Indigo Natural Resources, LLC for approximately $2.7 billion in a transaction comprised of cash, stock and assumed debt. The acquisition adds high-margin dry gas assets and inventory in the Haynesville play, expands Southwestern's access to Gulf Coast LNG markets and accelerates free cash flow and deleveraging targets.

Blackstone Infrastructure Partners Acquires 35% Stake in Phoenix Tower International

January 18, 2022

Infrastructure

Funds managed by Blackstone Infrastructure Partners purchased a 35% stake in Phoenix Tower International (PTI) from Manulife Investment Management. The minority investment will support PTI's continued growth and geographic expansion of its wireless infrastructure platform across the Americas and Europe.

DNOW Inc. Acquires Whitco Supply, LLC

February 6, 2024

Oil & Gas

DNOW Inc. (DNOW) has entered into an agreement to acquire Whitco Supply, LLC in an all-cash transaction subject to regulatory approvals and customary closing conditions. The acquisition expands DNOW's presence in the midstream and broader energy markets by adding Whitco's product expertise, approximately 230 employees, and eight U.S. locations.

Family Office-Led Consortium Acquires PureWest Energy

May 31, 2023

Oil & Gas

PureWest Energy, a Rocky Mountain independent natural gas producer, completed an all-cash merger with a private consortium of family offices and financial institutions (the "PW Consortium") for $1.84 billion. The company will remain branded PureWest with its existing management and employees in place; the transaction included a $200 million asset-backed notes offering and a divestiture of producing wellbores to vehicles managed by Wincoram Asset Management.

Phillips 66 Acquires Pinnacle Midstream from Energy Spectrum Capital

May 20, 2024

Energy

Phillips 66 has agreed to acquire Pinnacle Midland Parent LLC (Pinnacle Midstream II) from private equity firm Energy Spectrum Capital for $550 million to expand its natural gas gathering and processing footprint in the Midland Basin. The assets include the Dos Picos 220 MMcf/d processing plant, ~80 miles of gathering pipeline and 50,000 dedicated acres; the deal is expected to close mid‑2024 subject to customary conditions, including HSR clearance.