Thursday 12 July 2018

12 July 2018 - New York, US-based private equity firm Branford Castle Partners has made a controlling investment in Texas, US-based oil and gas production equipment manufacturer Titan Production Equipment, the company said.
Terms of the Titan transaction were not disclosed. Castle Harlan, Inc., the New York private equity and investment firm, arranged and will have a management role in the investment, which was first announced in April 2018.
Titan is the fifth platform acquisition for the Branford Castle Fund, which had its final close in October 2016.
Branford Castle Partners is a lower-middle-market investment fund formed in Branford has particular expertise in consumer products and services, commercial distribution, industrials/specialty manufacturing, business services and logistics.
Titan is a carve-out of the North American oil and gas production equipment assets of Exterran Corp. (NYSE: EXTN).
The company in the design, engineering and manufacturing of oil and gas production equipment used to separate, process and treat hydrocarbon streams at the wellhead, gathering and processing stages of production.