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INDUSTRIAL | Machinery & Equipment
ltenergyservices.com

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Stage

Acquired | Acquired

About LT Energy Services

LT Energy Services (LT) provides high-quality surface equipment rental and the newest, most comfortable workforce accommodations available in the industry.

LT Energy Services Headquarter Location

652 N. Sam Houston Pkwy E Suite 240

Houston, Texas, 77060,

United States

832-230-5205

Latest LT Energy Services News

Transition Capital Partners sells LT Energy Services to B/E Aerospace

Feb 3, 2014

Mon, 03/02/2014 - 06:04 United States funds Private Equity Dallas-based Transition Capital Partners (TCP) has closed on the sale of its portfolio company, LT Energy Services, to B/E Aerospace, a manufacturer of aircraft cabin interior products. The sale was part of B/E Aerospace’s previously announced acquisition of two oil field service companies for USD265m. Houlihan Lokey served as the exclusive sell-side financial advisor to LT Energy Services and Locke Lord LLP acted as corporate legal counsel. Acquired by TCP in April 2012, LT is headquartered in Houston and provides rental equipment and accommodation systems to major oil & gas producers. Under TCP’s ownership and direction, LT expanded from 10 employees with one field location in the Haynesville Basin in Northern Louisiana, to 100+ employees across five locations operating in three regions, including the Eagle Ford basin in South Texas and the Colony Granite Wash region in Oklahoma. The sales price of the transaction was not disclosed, but TCP says LT was acquired for approximately 4x EBITDA and sold to B/E Aerospace for approximately 6x EBITDA.  

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