StageAcquired | Acquired
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Latest LT Energy Services News
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.
LT Energy Services Frequently Asked Questions (FAQ)
Where is LT Energy Services's headquarters?
LT Energy Services's headquarters is located at 652 N. Sam Houston Pkwy E, Houston.
What is LT Energy Services's latest funding round?
LT Energy Services's latest funding round is Acquired.
Who are the investors of LT Energy Services?
Investors of LT Energy Services include B/E Aerospace.
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