Acquisitions in Oklahoma in 2020

Traditions Health, a Dorilton Capital-backed national hospice and home health provider, acquired Centennial Hospice, a provider of hospice services in Oklahoma. The transaction expands Traditions' presence in the Oklahoma City market and will place Centennial's CEO Kevin Offel into a regional leadership role at Traditions.

Alpine Investors has partnered with Jackson Mechanical Service Inc., a commercial and industrial HVACR and boiler services provider based in Oklahoma City, to form Orion Group, a new commercial facility services platform. Jackson will serve as the foundation of Orion; Alpine plans to invest from its recent fund to roll up family-owned commercial HVACR and plumbing businesses nationwide. Terms were not disclosed; Generational Equity served as Jackson's advisor.

IES Holdings, Inc. acquired Wedlake Fabricating, a Tulsa, Oklahoma-based manufacturer of custom generator enclosures. Wedlake will operate within IES's Infrastructure Solutions segment, with Brian (Bo) Wedlake, Jr. promoted to general manager as the company expands its Midwest manufacturing capacity and geographic footprint.

U.S. Oral Surgery Management (USOSM), a specialty management services organization headquartered in Irving, Texas, has entered into a partnership with Oral and Maxillofacial Associates LLC (OMA), a four-location oral and maxillofacial surgery practice serving the Oklahoma City area. The agreement — USOSM's first partnership in Oklahoma — will provide OMA with operational, marketing and administrative support to help improve clinical and financial performance and support growth.

Denver-based Platform Capital, through its operating platform Platform Fuels Distribution Holdings (Platform Fuels), acquired six independent propane retailers across Oklahoma: Green's Propane (Wellston), Menz Propane (Union City), Dales' Propane (Clayton), Kiamichi LP Gas (Idabel), Ned Guest LP Gas OK (Valliant) and McCurtain County Propane (Broken Bow). The transactions represent an initial platform investment totaling more than $10 million in combined revenue and 5.75 million gallons of annual propane sales; Platform Fuels will retain local trade names and personnel while consolidating administrative functions and implementing operational technology to drive growth and margin expansion.

Oklahoma City-based water infrastructure operator Bison has acquired Woody Creek Midstream, a water midstream company operating in the SCOOP. The deal brings long-term (15–30 year) water gathering and disposal contracts with Casillas Petroleum Resource Partners, Camino Natural Resources and Paloma Operating Company, expanding Bison's footprint and dedicated acreage across the Anadarko Basin.

Genesis Health Clubs has acquired both Sky Fitness and Wellbeing locations in Tulsa, Oklahoma, rebranding them as Genesis Health Clubs – South Tulsa and Genesis Health Clubs – Midtown Tulsa. The move expands Genesis's footprint in Tulsa (bringing the company to four clubs in the market) and gives Sky members access to additional amenities while keeping existing staff and membership terms in place.

Presidio Investment Holdings LLC (Presidio Petroleum), a portfolio company majority-owned by Morgan Stanley Energy Partners, completed the acquisition of substantially all oil and natural gas producing properties of Templar Energy LLC and certain affiliates in the Anadarko Basin. The transaction expands Presidio’s operations from the western Anadarko Basin into the STACK play of central Oklahoma and represents an add-on to the company’s existing portfolio following MSEP's investment.

TTEC Holdings, Inc. agreed to acquire VoiceFoundry, a global Amazon Web Services partner that specializes in Amazon Connect deployments and conversational AI. The U.S. and European portions of the deal closed immediately (with Australian and ASEAN regions pending approvals), adding Amazon Connect capabilities to TTEC’s Humanify Cloud and expanding TTEC Digital’s managed services and cloud contact center offerings.

Healthcare-focused private equity firm Council Capital has invested in Physician Housecalls, a home-based primary care provider headquartered in Chickasha, Oklahoma. Terms were not disclosed; Council Capital said it will partner with management to support growth, expand capabilities, and leverage its healthcare operating resources.

BRP Group, Inc., through its BKS-Partners operating group (Baldwin Krystyn Sherman Partners, LLC), acquired substantially all assets of Insurance Risk Partners, LLC, an Oklahoma City-based provider of property & casualty insurance and risk consulting. The acquisition (announced April 1, 2020) brings IRP's ~$7.0 million in annual revenues and expands BRP/BKS's large-account and technical insurance capabilities in the energy, infrastructure and power sectors.

Versa Integrity Group, a Dorilton Capital-backed provider of non-destructive testing and asset integrity services, has acquired Element Integrity Group. Element — which provides mechanical integrity and NDT services to the petrochemical industry and has offices in Bartlesville, Oklahoma; Karnes City, Texas; and Houston, Texas — will bolster Versa's asset integrity capabilities and expand its presence into Oklahoma and the Eagle Ford.

Bengal Machine, parent company of Schutte Hammermill and other size-reduction brands, has acquired a majority interest in CSE Bliss Manufacturing, a hammer mill manufacturer based in Ponca City, Oklahoma. The Bliss family will retain a significant ownership position and the deal is intended to combine complementary capabilities to offer fully integrated, turnkey size-reduction solutions across multiple end markets including biomass, animal feed and pet food.

PetroChoice, a Golden Gate Capital-backed lubricant distributor, has acquired Commercial Distributing Inc. (CDi), a regional lubricant distributor headquartered in Oklahoma City, Oklahoma. The acquisition expands PetroChoice's footprint in Oklahoma, Texas and Arkansas; CDi will operate immediately as PetroChoice and its president, Michael Barcum, will join PetroChoice's CEO Strategy Council.