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Hawkwood Energy Announces Acquisition By Wildfire Energy

Jul 09, 2021•over 4 years ago

Acquiring Company

Hawkwood Energy

Acquired Company

WildFire Energy

Description

Hawkwood Energy LLC ("Hawkwood"), an independent exploration and production company, announced today that is has entered into definitive agreements to be acquired by WildFire Energy I LLC ("WildFire"), an independent energy platform company. The transaction attributes an enterprise valuation to Hawkwood of approximately $650 million. Following the transaction Hawkwood's existing shareholders will retain a ~50% equity interest in WildFire, alongside ~50% held by WildFire's management team and private equity sponsor Kayne Anderson.

Company Information

Company

Hawkwood Energy

About

Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources in East Texas. Based in Denver, Hawkwood was founded in 2012 with a line-of-equity commitment from lead investors Warburg Pincus and Ontario Teachers' Pension Plan. Hawkwood entered East Texas in 2014, since then accumulating over 160,000 net acres of high quality, contiguous Eagle Ford acreage. Today Hawkwood operates approximately 360 wells with gross production of approximately 15,000 boe/d. Hawkwood was ranked by Hart Energy's Oil & Gas Investor (July 2019) as a top 100 private E&P and the #3 private Operator in the Eagle Ford play in terms of production.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed