Eagle Automation, a specialty distributor of automation & measurement
solutions to the upstream Oil & Gas industry today announced that it has
entered into a definitive agreement with Featheringill Capital, along
with substantial participation by the company’s senior management, to
purchase a majority interest in Eagle Automation. The investment will
drive growth at Eagle Automation, allowing the Company to expand its
best in class solutions offerings, pursue acquisitions, and invest in
its teams and infrastructure. Terms of the transaction were not
disclosed.
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Founded in 2000, Eagle Automation has six locations throughout Colorado,
Texas, New Mexico and Kansas. The Company is focused on bringing
industrial automation technologies and best-practices to the wellsite
and production facilities. Eagle provides a comprehensive suite of
Automation & Measurement (A&M) services and products, helping customers
realize operational and cost efficiency improvements. By providing
modular and easily deployable solutions, Eagle Automation seeks to
minimize the complexity, time, and resources needed to install and
maintain A&M systems.
“As the Oil and Gas market continues to demand more innovative
technologies and solutions as well as more efficient operating models,
this partnership with Featheringill will advance Eagle’s capabilities
and the value we deliver to our customers,” said Brandon Giles, founder
and CEO. Added Giles, “I am excited to partner with one of our largest
investors since 2013, a high character and talented team that shares our
2020 Vision for the Company and has a track-record of being responsible
stewards of the companies that they invest in. The partnership will
allow us to accelerate the delivery of new and existing solutions to the
market, enhance our suite of capabilities and enter new geographies.”
“In the fragmented A&M market, Eagle has differentiated itself by
consistently offering superior products and services to blue-chip oil
and gas producers. The strong leadership team at Eagle has built a great
foundation and we’re excited to help them expand their footprint,” said
Bill Fox, Managing Partner at Featheringill Capital.
Capstone Headwaters served as exclusive financial advisor to Backcountry
Capital, the seller of Eagle Automation, in connection with this
transaction. Woods Oviatt Gilman LLP served as legal counsel to
Backcountry Capital. Bradley Arant Boult Cummings LLP served as legal
counsel to Featheringill Capital.
About Eagle Automation
Eagle Automation is a specialty distributor providing automation and
measurement products, services, and solutions to oil & gas producers.
Eagle is focused on bringing industrial automation technologies and
best-practices to the wellsite and production facilities. Eagle provides
a comprehensive and integrated suite of Automation & Measurement (A&M)
services and products, helping customers realize operational and cost
efficiency improvements. The Company is headquartered in Denver,
Colorado. For more information, visit www.eagleautomation.com.
All additional inquiries can be directed to Kristine Miller at humanresources@eagleautomation.com.
About Featheringill Capital
Featheringill Capital is an operator-led family office investment firm,
devoted to building upon the legacy of great companies. Featheringill
invests in high-growth businesses and partners with management teams
primarily in the tech-enabled services, healthcare technology, and
telecommunications space. Featheringill Capital is headquartered in
Birmingham, Alabama. For more information, visit www.featheringillcapital.com.
About Capstone Headwaters
Capstone Headwaters is a leading investment banking firm dedicated to
serving the corporate finance needs of middle market business owners,
investors and creditors. The firm provides merger & acquisition, private
placement, corporate restructuring and financial advisory services
across 16 industry verticals to meet the life cycle needs of privately
held companies. Headquartered in Boston, Capstone Headwaters has 19
offices in the US, UK and Brazil. For more information, visit www.capstoneheadwaters.com.
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