Wildcat is a provider of transloading, distribution and logistics for oilfield consumables, primarily proppant (sand), used in the hydraulic fracturing process. The company operates 18 transloading terminals and storage sites. Wildcat’s customer base consists of oil and gas exploration and production companies, oil and gas service companies and sand suppliers. The company was founded in 2007 and is headquartered in Golden, CO and Cheyenne, WY (www.wildcatminerals.com).
“Wildcat is benefiting as the use of proppant per well continues to increase. In addition, as transportation represents a growing portion of the delivered cost of proppant, Wildcat serves a critical niche in efficiently managing the logistics of the material from mine to well,” said Platte River Managing Director Peter Calamari.
Platte River Equity makes equity investments of $10 million to $50 million in lower middle market companies with enterprise values generally between $20 million and $250 million. The firm focuses on investing in the aerospace and transportation; energy and industrial services; and chemicals, metals and industrial minerals sectors. Platte River Equity manages funds with committed capital of approximately $700 million and is based in Denver (www.platteriverequity.com).
“We are excited to partner with Platte River Equity during this period of high growth for Wildcat,” said Steve Herron, co-founder and CEO of the company. “The additional capital, along with the significant operating and financial experience of the Platte River team, will help us invest in new locations while continuing to provide the highest level of service for our customers.”
KeyBanc Capital Markets served as financial advisor to Wildcat. Fifth Third Bank provided senior debt financing for the transaction.
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-1-13