Two State Oilfield

Company Sale

Wilcox Investment Bankers served as sell-side M&A Advisor to Two State Oilfield in its company sale to Lonestar Investment Advisors and Venquest Capital Partners.

Two State Oilfield, Inc., based in Hobbs, New Mexico, is one of the leading providers of water containment and storage rentals and water management services to oil and gas producers in the Permian Basin.

‍The Challenge

The owner desired to sell the business. However, he had previously attempted to obtain interest from buyers, but was unsuccessful.

The Solution

We were engaged as merger & acquisition sell-side advisor to create and manage an auction sales process to solicit a number of credible buyers for which the Company had a strategic fit. We aggressively marketed the Company, soliciting interest from a number of qualified buyers.

We negotiated favorable terms with Frac Tank Rentals (backed by Lone Star Investment Advisors and Venquest Capital Partners) and successfully closed the company sale. The transaction generated substantial liquidity for the owner and additional future payments, thereby surpassing his expectations.

Business transactions are complex. Having experienced investment bankers that can objectively analyze your situation, provide solutions, and execute well just makes sense. We love seeing our clients succeed - our reputation is built on it. Let us show you how we can achieve excellent results.

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