William Blair Advises Dixie Electric

Friday, January 24, 2014

William Blair & Company acted as the exclusive financial advisor to Dixie Electric, a portfolio company of One Rock Capital Partners, in connection with its sale to First Reserve. The transaction closed on December 18, 2013. This represents William Blair’s 10th energy transaction in 2013 with aggregate transaction value of $2.6 billion.

Transaction Highlights

  • Deep Sector Knowledge: Dixie Electric was a great fit with William Blair’s commercial and energy services expertise. We worked closely with the management team to identify and quantify growth initiatives and investment highlights that differentiated the Dixie Electric from its competitors in the industry.

  • Significant Transaction Experience: The transaction team marketed Dixie Electric to a global group of potential strategic and financial partners. This led to competitive negotiations and completed diligence by multiple parties, resulting in a premium outcome for Dixie Electric shareholders. Ultimately, the company paired with a new partner uniquely positioned to drive Dixie Electric's future success and growth.

  • Acquisition & Organic Growth: In the 18 months leading up to the transaction, Dixie Electric completed six acquisitions, including two during the period of William Blair’s engagement. Our team actively communicated performance and acquisition updates with potential investors realizing incremental value for these add-ons.

About the Companies

Founded in 1951, Dixie Electric, LLC is the market-leading provider of electrical infrastructure materials and services to the energy industry. The company offers customers comprehensive solutions for oilfield and midstream electrical infrastructure and automation from initial development through the decades-long lifecycle of an oilfield, including ongoing infrastructure upgrades and periodic maintenance.

One Rock Capital Partners is a team of seasoned private equity professionals with deep transaction experience across a wide array of industries. One Rock seeks to utilize its in-house operating partners to assist management in enhancing the value of companies through operating improvements and strategic repositioning of companies within its target industries.

First Reserve is a premier global energy-focused private equity and infrastructure investment firm with over $24 billion of raised capital since 1983. The firm has developed a preeminent franchise by investing exclusively across the energy spectrum and utilizing its broad base of specialized industry knowledge to the benefit of its portfolio companies and investors.

News Alerts

Stay connected to your favorite publications and news features.

Subscribe Now