Cotton Creek Capital Announces Closing of Terrace Energy, LLC
(firmenpresse) - DALLAS, TX -- (Marketwire) -- 02/27/12 -- Cotton Creek Capital Management, LLC is pleased to announce the closing of its investment in Fort Worth, Texas-based, Terrace Energy, LLC. Terrace Energy is an oil and gas, exploration and production company concentrating on the acquisition of assets in North America. Currently the company is engaged in the acquisition and early development of properties in the East Texas Basin. Terrace's management team, many coming from large independents or publicly traded companies, has more than 70 years combined oil and gas experience.
Terrace is led by Casey Patterson, former Geological Manager of the Marcellus Shale for a large independent. Cotton Creek and Mr. Patterson formed Terrace in October 2010 and have been actively acquiring properties over the past year. With this closing, Terrace is pleased to announce the addition of Yorktown Partners, LLC as an investment partner with Terrace.
The transaction closed on February 16, 2012. Financial terms were not disclosed.
Cotton Creek Capital is a Dallas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial services, energy, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million through transactions ranging from buyouts, recapitalizations, buy-and-builds, and corporate divestitures to selected minority investments. Cotton Creek Capital is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years. For further information, visit Cotton Creek's website at .
Yorktown Partners is a New York City-based private equity firm focused on oil and gas and commodity driven investments. Yorktown is currently investing its ninth fund. Since 1991, Yorktown has invested $4.2 billion over 65 investments.
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Datum: 27.02.2012 - 15:41 Uhr
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News-ID 1087282
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