Artera Services Acquires Otis Eastern Service from Argonaut Private Equity

Artera Services Acquires Ohio-based 1127 Construction Inc.

April 1, 2022

Construction

Artera Services acquired the operating assets of 1127 Construction Inc., a family-owned natural gas distribution contractor based in Akron, Ohio. The transaction expands Artera's Miller Pipeline gas distribution operations and service capabilities in northeast Ohio, with the Smith brothers continuing to lead day-to-day operations.

Artera Services Acquires Feeney Utility Services Group

May 27, 2021

Utilities

Artera Services, a CD&R-backed provider of integrated infrastructure services, completed the acquisition of Feeney Utility Services Group (FUSG), which includes Feeney Brothers Utility Services and DDS Companies. The deal expands Artera's gas distribution and utility services footprint into the Northeastern U.S.; CAI Capital Partners sold its majority interest in FUSG.

Argonaut Private Equity Acquires Pioneer Well Services Assets (American Well Services)

March 22, 2021

Energy

Argonaut Private Equity acquired the assets of Pioneer Well Services, a subsidiary of Pioneer Natural Resources, and the operations will do business as American Well Services. The transaction retains substantially all operations employees and assets (rigs, water hauling trucks, frac tanks, hot oil units and heavy construction equipment) and positions the business to partner with Argonaut portfolio company Nichols Oil Tools to offer bundled completions and workover solutions in the Permian Basin.

Ares Management Acquires Controlling Interest in Atlas Crane Service

August 23, 2022

Industrial Services

A fund managed by the Infrastructure Opportunities strategy of Ares Management has acquired a controlling interest in Atlas Crane Service, a full-service crane rental and MRO provider headquartered in Aurora, Illinois. Ares will support Atlas' growth, geographic expansion and capability expansion in the wind/renewables market while Atlas' executive team, led by CEO Zach Prentis, remains in place; financial terms were not disclosed.

Argonaut Private Equity Acquires Bandera Utility Contractors

May 4, 2022

Construction

Argonaut Private Equity, a Tulsa-based private equity firm, has acquired Bandera Utility Contractors, an underground wet-utility contractor headquartered in McKinney, Texas. The deal is the second investment from Argonaut's Fund V and is intended to accelerate Bandera's growth and operational expansion across Texas.

Cathcart Rail / Guardian Rail Acquire Appalachian Railcar Services from GenNx360

December 15, 2020

Transportation

Cathcart Rail (with involvement from Guardian Rail and infrastructure investor Star America/Tikehau Star Infra) acquired Appalachian Railcar Services (ARS) from GenNx360 Capital Partners. The transaction brings ARS's network of railcar repair, cleaning, coating, mobile repair and storage facilities into the Cathcart/Guardian platform to expand capabilities and geographic footprint across the Midwest, Southeast and Mid-Atlantic.