Deal Details
Arcline Aquires Reciprocating Compression Division of Baker Hughes
Summary
Arcline Investment Management LP (“Arcline”) recently acquired the Reciprocating Compression division (“the Company”) of Baker Hughes, a GE company (“Baker Hughes”) (NYSE: BHGE). Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to Arcline Investment Management LP on this transaction.
About
Arcline is a private equity firm with $1.5 billion in committed capital. Arcline seeks businesses between $10 million and $100 million in EBITDA and valued up to $1 billion. Arcline is deliberately sector generalists, and takes a multidisciplinary approach to investing across industries. Arcline’s primary areas of interest include Industrials, Technology, Life Sciences and Specialty Chemicals. Arcline is based in San Francisco, California.The Reciprocating Compression division manufactures and services mission-critical compression and engine systems that are used in a variety of applications, including the transmission of natural gas across domestic and international pipelines. The Company is the original equipment manufacturer and supplier of parts for its systems and provides overhaul and repair services to its customers. These customers operate a large installed base of its highly respected brands, including Cooper-Bessemer, Ajax, Superior, Gemini, Enterprise, TSI, CSI, TXC and Joy. Manufacturing is conducted in its facilities in Houston, Texas and Salina, Kansas, while on-site services are delivered through its extensive network of field technicians operating out of five fully equipped repair and overhaul shops strategically located around the United States. The Company is based in Houston, Texas.
Baker Hughes is a fullstream provider of integrated oilfield products, services and digital solutions. Baker Hughes deploys solutions that enhance customer productivity, safety and environmental stewardship, while minimizing costs and risks at every step of the energy value chain. With operations in over 120 countries, Baker Hughes infuses over a century of experience with the spirit of a start-up — inventing smarter ways to bring energy to the world. Baker Hughes is based in Houston, Texas.
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- Date
- July 2019
- Company
- Arcline Investment Management LP
- Transaction
- M&A - Buyside
- Sectors
- Energy
- Verticals
-
Energy
Thermal & Climate Technologies
- Target Geography
- North America
- Acquiror Geography
- North America
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