RockPile Energy acquired by private equity firm White Deer

New York, Sept. 8 – RockPile Energy Services, LLC said it has been acquired by energy-focused private equity company White Deer Energy.

RockPile said that transaction was conducted out of court and that it will now have a debt-free balance sheet and enough capital to fund its growth.

The management team remains intact, according to a news release.

The sale follows an “extensive marketing process.”

PJT Partners and AlixPartners were financial advisers to RockPile. Skadden, Arps, Slate, Meagher & Flom was legal adviser. Locke Lord was legal adviser to White Deer Energy.

Earlier in the year RockPile required waivers of defaults under its credit facility, which had $112 million drawn.

RockPile, a subsidiary of Triangle Petroleum Corp., is a Denver-based oil services company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.