Energy-focused private equity firm Turnbridge Capital Partners has acquired Cimarron Energy Inc. from Curtiss-Wright Corp. (NYSE: CW). Norman, OK-based Cimarron is a manufacturer of oil and natural gas production and processing equipment, providing separation, flowback, and environmental products to oil and natural gas exploration and production companies throughout the United States.
Todd Tomlin, a Partner of Turnbridge, said “we are pleased to partner with the management and employee team in re-establishing Cimarron as an independent company and to provide capital for its continued growth. For over thirty years, Cimarron has earned a reputation for delivering high quality equipment and services at competitive prices to a broad customer base of the most active oil and natural gas companies in the US.”
Larry Holdge, president of Cimarron added, “Turnbridge’s unique knowledge of, and experience in, the sector, in combination with a strong balance sheet, will accelerate our growth.”
BlackArch Partners was retained by Curtiss-Wright Corp. to serve as its exclusive financial advisor. Headquartered in Charlotte, NC, with offices in Houston, TX, BlackArch Partners is a middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies, and diversified corporations.