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Track Record
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Stormont Energy Advisors Corp. is pleased to announce the following successful transaction in the Pipeline Integrity Services market.

In November, 2019 all of the outstanding shares of JEDCO Energy Services were acquired by Strike Group, a portfolio company of private equity fund, TriWest Capital Partners.
 
JEDCO is class-leading provider of pipeline integrity and repair services to the midstream and downstream energy markets. This is a regulated growth-market and a compelling business combination poised to benefit from strong fundamentals.
 
Stormont acted as the exclusive financial advisor to the seller and its shareholders, performing the following:

     

  • Identified suitable target buyers
  • Managed a competitive process with multiple counter-parties
  • Negotiated commercial terms
  • Managed due diligence
  • Closed the sale of the company

 
This transaction provided the selling shareholders with a liquidity event as well as a financial partner to support the company’s future growth plans. Through this acquisition TriWest / Strike gained a significant foothold in the pipeline integrity and repair market to augment their existing expertise in energy infrastructure construction and fabrication.


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