K2 Energy Capital, LLC

 


Personalized Private Equity Capital for the Energy Revolution

 

K2 Porfolio Company Extreme Plastics Plus Closes Merger with Mustang Energy Services
June 29, 2018

K2 is pleased to announce that Extreme Plastics Plus, an environmental containment company partially owned by K2 and majority-owned by K2's partner, Blue Wolf Capital Partners, LLC, completed a merger with Mustang Energy Services.  The merger of EPP with Mustang creates the country's largest environmental containment services company focused on the oilfield. Together, EPP and Mustang provide a variety of containment services including environmental liner systems, above ground storage tanks, composite mats, secondary containment systems and other related services to exploration and production companies in Texas, New Mexico, Oklahoma, Colorado, Wyoming, Pennsylvania, Ohio and West Virginia.

K2 Closes Investment in a Leading Manufacturer of Oilfield Production Tanks and Vessels
February 12, 2018

K2 is pleased to announce its latest investment, a minority stake in Petrosmith, LLC ("Petrosmith"), a leading provider of tanks, vessels and oilfield tubular goods to the domestic oil and gas production industry.  K2 and its partner, Blue Wolf Capital Partners, LLC ("Blue Wolf"), acquired the company on February 2nd, 2018.

This transaction marks the second platform investment from a partnership formed in 2016 between K2 and Blue Wolf in which the energy experience of K2 and the capital base and deep restructuring, transaction, and operating expertise of Blue Wolf have been combined in order to more effectively acquire and manage energy services companies.

K2 Closes Investment in Provider of Environmental Containment Solutions
December 12, 2016

K2 is pleased to announce its latest investment, a minority stake in Extreme Plastics Plus, LLC, ("EPP") an environmental containment services company focused primarily on the oil and gas sector. K2 and its partner, Blue Wolf Capital Partners, LLC ("Blue Wolf'), acquired the assets of EPP through a bankruptcy auction held on November 17, 2016.  The investment by K2 and Blue Wolf has allowed EPP to exit bankruptcy with a debt-free balance sheet and positions the company to capitalize on a recovering oil and gas drilling market.

This transaction marks the first investment from a partnership formed earlier this year between K2 and Blue Wolf in which the energy experience of K2 and the capital base and deep restructuring expertise of Blue Wolf have been combined in order to more effectively pursue distressed energy investments.

About Mustang Energy Services
Mustang Energy Services, Inc. was founded in March 2011 by Todd & Whitney Creel and Todd’s father, Rickey Creel. Their goal when starting the company was to be the best lining and containment solutions company in the industry. Todd and Whitney have positioned Mustang as the leading containment solutions company in the Southern US Basins by adding a full staff of senior management that have 20+ years of geosynthetic experience. Mustang has revolutionized the energy industry through the use of best practices, customer service and unparalleled quality. In 2017, Mustang was the largest purchaser and installer of Conductive membrane globally along with the largest private purchaser of geosynthetics across all industries. For additional information, please visit www.mustangenergyservices.com.

About Petrosmith
Petrosmith manufactures a broad suite of tanks (including oilfield storage tanks and gunbarrel tanks) and vessels (including heater treaters, separators and vapor recovery towers) used by large E&P companies primarily in the Permian Basin, Eagle Ford and Mid-Continent region. The Company also sells a variety of new and used OCTG and provides a wide array of OCTG refurbishment services. Petrosmith also has state-of-the-art blasting and coating facilities that service the Company’s tank, vessel and OCTG divisions. In addition, the Company provides plug and abandonment services to E&P companies.  Founded by Cliff Smith in 1983, Petrosmith is headquartered in Abilene, Texas and has approximately 300 employees. For additional information, visit
http://www.petrosmith.com

About Extreme Plastics Plus
Extreme Plastics Plus provides oilfield environmental containment services in the Marcellus Shale, Utica Shale, Eagle Ford, Permian Basin and other Mid-Continent sites. EPP specializes in environmental lining, above ground storage tanks, composite rig mats, secondary steel wall containment systems and rig vac systems. Founded in 2007, the company has locations in West Virginia, Pennsylvania, Texas, Oklahoma and New Mexico. For more information, visit www.extremeplasticsplus.com.

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.



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