Sign up for free newsletter



Ares Management PE fund to acquire BlackBrush Oil & Gas

Ares Management’s private equity group has signed definitive agreements to acquire BBOG II Guarantor from EIG Management Company and Tailwater Capital, on behalf of their respective managed funds.

BlackBrush has a history of acquiring and developing oil and gas assets across South Texas, which is one of the most productive oil and gas basins in the US. With new capital provided in conjunction with the transaction, BlackBrush plans to further develop its more than 160,000 net (360,000 gross) acre position.
The transaction is expected to close in the third quarter of 2014 and is subject to customary closing conditions.
“We are excited to partner with the BlackBrush management team that has more than 30 years of operating experience and a proven track record in South Texas,” says Nate Walton, principal in the private equity group of Ares Management. “BlackBrush is a unique opportunity consistent with our strategy of investing in best-in-class management and high quality basins as part of the growth in domestic energy production.”
BlackBrush will continue to be led by its co-founder and chief executive officer, Scott Martin. Co-founder Phil Mezey will also remain involved as an advisor to BlackBrush.
“Partnering with the Ares private equity team provides us the capital to continue developing and growing our large asset base,” says Martin.

Subscribe to free daily newsletter
C# Software Developer - Hedge Fund

Wed, 25 Nov 2015 00:00:00 GMT

Lead Analytics Strat/Quant Developer (C++/Python)

Wed, 25 Nov 2015 00:00:00 GMT

Java Developer – Java/Core Java/Python/SQL

Wed, 25 Nov 2015 00:00:00 GMT

1 day 17 hours from now - Frankfurt
4 days 17 hours from now - Hong Kong
4 days 17 hours from now - Boston
4 days 17 hours from now - London
6 days 17 hours from now - London
other gfm publications