Oil & Gas Acquisitions in Louisiana

Encore Oilfield Services, LLC has acquired Custom Compression Systems, LLC (formerly Williamson Production Systems), a New Iberia, Louisiana-based manufacturer of gas compression systems. The deal adds 103,000 square feet of manufacturing space, heavy lifting capacity (two 80-ton cranes and 70-foot eave heights) and access to 225,000 horsepower of Caterpillar natural gas engines through a partnership with Louisiana Cat, expanding Encore's compression packaging and manufacturing capabilities.

Waring Oil Company LLC acquired Lavigne Oil Company of Baton Rouge LLC, effective Aug. 26, expanding Waring’s geographic footprint into Louisiana. The deal transfers Lavigne’s fuel tanks to Waring, keeps Kevin Cutrer on as an outside salesperson, and broadens Waring’s wholesale fuels, lubricants and DEF service capabilities.

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.

Alpha Dhabi Holding acquired a 25% minority equity interest in Gordon Technologies in an all-cash transaction that provides partial liquidity to Gordon's legacy shareholders. The investment is intended to support Gordon's continued domestic fleet expansion and enable international growth, particularly into the Middle East.

Harvest Midstream completed the purchase of the remaining interest in Arrowhead Gulf Coast Holdings (AGCH), bringing AGCH under full ownership after acquiring the 37.5% stake previously held by a fund managed by BlackRock Real Assets. The transaction consolidates Harvest’s control of nearly 300 miles of crude and condensate pipelines and terminal assets serving the Louisiana refinery market, reinforcing its commitment to the Gulf Coast region.

The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired Rittiner Equipment Company, a New Orleans–based full-service petroleum equipment distributor and service provider. The add-on expands JF Petroleum Group's footprint and service capabilities across the U.S. Gulf Coast, enhancing its ability to serve fueling equipment and construction needs in key markets.

Liebman Group and family office Black Cliffs Partners acquired a majority interest in Pine Island Chemical Solutions, a Lafayette-based oilfield chemical manufacturer and service provider. The transaction is a recapitalization that leaves existing senior management with a significant minority stake and provides capital to support add-on acquisitions and organic geographic expansion.

Petroleum Service Corporation (PSC), a portfolio company of Aurora Capital Partners, has signed an agreement to acquire certain assets of Fryoux Tankerman Service and will absorb Fryoux's shoreside tankerman operations along the U.S. Gulf Coast. The transaction expands PSC's Gulf Coast footprint and personnel capacity to better serve refineries, terminals and petrochemical customers; Jimmy Fryoux will join PSC's marine operations team as an advisor.

DTE Midstream (a unit of DTE Energy) agreed to acquire a gathering system and a 150-mile, 36" gathering pipeline in the Haynesville shale from Momentum Midstream and Indigo Natural Resources for $2.25 billion in cash plus a $400 million milestone payment. The assets include an existing 1.2 Bcf/d gathering system (expandable to 2 Bcf/d) and a pipeline under construction; both assets are supported by long-term contracts and provide DTE enhanced access to Gulf Coast and Louisiana gas markets. The transaction was approved by DTE's board, expected to close in Q4 2019, and was reported as officially closed on December 4, 2019.

SPL, a portfolio company of Industrial Growth Partners (IGP), has merged with Atchafalaya Measurement, Inc. (AMI) to combine field measurement, meter equipment installation, instrumentation/automation and hydrocarbon laboratory analysis. The combination expands SPL's geographic footprint across major U.S. oil and gas plays, enables service-line cross-selling, and integrates AMI's recurring measurement capabilities into SPL's data analytics platform; AMI President Nick Trahan will continue in his role.

Universal Compression Holdings, Inc. (NYSE: UCO) has completed the acquisition of Louisiana Compressor Maintenance Co., Inc. (LCM) for approximately $25.7 million in cash. The deal expands Universal's maintenance, repair and overhaul capabilities for natural gas pipeline and related markets and complements its recent purchase of KCI, Inc., enabling an integrated compression products-and-services offering.