May 19, 2013 –

Company Sale / Recapitalization

Wilcox Investmentbankers served as the sell-side merger & acquisition advisor to Portal Service Company regarding the company sale and recapitalization. 

Based in Lignite, North Dakota, Portal Service Company is a leading provider of oilfield, energy infrastructure and heavy civil construction and maintenance services in the northern Williston Basin, including the Bakken region. Over its 48-year history, Portal has built a strong reputation as a single source solution provider offering services across a wide spectrum of a well’s lifecycle. Portal is also an exclusive distributor in the U.S. of HG Pumping Units.

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‍The Challenge

Given Portal’s rapid growth, need for additional capital and desire by the largest shareholder to obtain liquidity for his equity position, owners elected to “test the market” to find a strategic buyer and/or investor.

The Solution

Wilcox Investment Bankers were engaged as a the sell-side merger & acquisition advisor. We created the marketing materials, ran an aggressive sales process to identify interested strategic buyers and private equity groups and negotiated favorable terms with Saybrook Capital and Silver Peak Partners.  We listened to

the owners’ goals and delivered an outcome that provided significant liquidity, far surpassing their expectations, while matching them with high quality partners to support future growth.