Situation
BlackArch was hired by Curtiss-Wright to advise on the divestiture of its Cimarron Energy business unit, seeking to leverage BlackArch’s deep expertise and experience in the energy and manufacturing sectors.
BlackArch’s Customized Solution
BlackArch was heavily involved throughout the marketing and diligence process due to the complexity of the divesture from a larger corporate parent. Despite challenging industry headwinds and high commodity price volatility, the business received broad interest from strategic buyers as well as financial sponsors, resulting in multiple options for Curtiss-Wright to pursue.
Outcome
Cimarron Energy was acquired by Turnbridge Capital Partners, an energy-focused private equity firm that seeks to invest alongside experienced management teams in companies that provide products and services to the upstream, midstream and downstream market segments.
Industries:
Energy & Industrial Services, Industrial Products
Location:
Norman, OK
Transaction type:
Sellside Advisory