Platte River Equity Announces the Sale of Wildcat Minerals to Eagle Materials
Platte River Equity (“Platte River”) is pleased to announce the sale of its portfolio company, Wildcat Minerals Holdings LLC (“Wildcat”), to Eagle Materials Inc. (NYSE: EXP) in a transaction that closed on July 27, 2017. Headquartered in Golden, Colorado, Wildcat operates one of the largest independent terminal networks in the United States, providing transloading, logistics and inventory management services to proppant producers, oilfield service companies and exploration & production companies. Wildcat serves the complex completions supply chain from mine to wellsite, where a significant portion of the delivered cost is related to logistics. Bartlit Beck Herman Palenchar & Scott LLP served as legal counsel to Platte River, and Industria Partners served as the exclusive financial advisor to Wildcat.
About Platte River Equity
Based in Denver, Colorado, Platte River Equity is a private equity firm focused on equity investments from $20 million to $80 million in lower middle market operating companies with enterprise values generally between $40 million and $250 million. The firm invests in sectors where it has deep operating and investing experience, including aerospace & transportation; energy & power; agriculture & chemicals; and metals & minerals. Platte River has raised funds with committed capital in excess of $1.3 billion.
About Wildcat Minerals Holdings LLC
Headquartered in Golden, Colorado, Wildcat is a leading independent provider of transloading, distribution and logistics for oilfield consumables, primarily proppant, used in the hydraulic fracturing process. The company operates strategically located transloading terminals and storage sites in all the major unconventional U.S. oil and gas basins. Wildcat’s customer base consists of oil & gas exploration and production companies, oil and gas service companies and sand suppliers.