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.
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.
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.