Calash Supports Castle Harlan’s Acquisition of Exterran Corporation’s Oil and Gas Production Equipment Assets in North America Creating “Titan Production Equipment”
HOUSTON–(BUSINESS WIRE)–Calash, the energy sector consultancy, is pleased to have advised the
New York private equity investment firm Castle Harlan in their recent
acquisition of Exterran Corporation’s Oil and Gas Production Equipment
Assets in North America Creating “Titan Production Equipment”.
Calash undertook a comprehensive commercial due diligence exercise for
Castle Harlan, supporting their investment in Titan Production
Equipment. Titan Production Equipment, a 100% production
equipment-focused company, engineers and manufactures equipment for the
separation, processing and treating of oil and gas hydrocarbon streams.
The company produces both pre-designed and custom separators, heater
treaters, glycol dehydration units, as well as a wide range of other
production equipment products.
Eric Schwartz, Managing Director of Castle Harlan, said, “The production
equipment market currently faces constrained capacity, in which
customers experience long lead-times, limited engineering support and
product quality issues. We are excited to partner with Chris Werner and
the rest of the Titan management team to address these challenges as a
market leader in the industry with a completely dedicated focus on the
design, engineering and manufacturing of high quality production
equipment.”
Sean Shafer, Calash’s Project Manager on the due diligence team,
commented, “Rapidly increasing US onshore well completion activity has
led to strains on the supply chain for a variety of services and
equipment including wellhead production and gathering equipment. Titan
Production Equipment is uniquely positioned for growth due to its
ability to differentiate itself through engineering, product quality,
and efficient manufacturing. The Calash team developed a granular market
model that demonstrated the scale of the opportunities available to
Titan, validated these opportunities with in-depth discussions with key
customers and the broader market, and highlighted the significant
potential growth opportunities available to the business.”
Calash’s in-house expertise offers unparalleled breadth and depth of
commercial and technical knowledge. Calash reviews the company’s
strategy and commercial proposition, the markets and competitive
environment in which it operates, the company’s operational capabilities
and the effectiveness of its organizational structure and management
team.
About Calash:
Calash is an award-winning energy advisory firm providing strategic
advisory and due diligence services to private equity, debt providers
and corporates with offices in New York, Houston, London, Aberdeen, and
Sydney.
Calash has completed over 600 projects in the energy sector to date.
About Castle Harlan:
“Castle Harlan, founded in 1987, has invested in controlling interests
in and the development of middle-market companies in North America,
Australia and Europe. Its team of senior investment professionals has
completed over 50 acquisitions since its inception with a total value in
excess of $11 billion. The firm traces its roots to the start of the
institutionalized private equity business in the late 1960s. Additional
information about Castle Harlan is at www.castleharlan.com.”
Contacts
Calash
Cameron Lynch, +1-212-392-4809
[email protected]
or
Sean
Shafer, +1-281-491-2392
[email protected]