Energy, Power, Industrial and Water

Yellowstone is targeting acquisitions of small-to-medium sized businesses that make unique, highly engineered products or that have unique defendable service offerings. Yellowstone's emphasis to-date has been on companies associated with some aspect of the energy and power business, but has recently expanded its criteria to include all of the following:

  • General Industrial
  • Water
  • As an example, Yellowstone began its manufacturing acquisition  program in the fall of 2000 with the acquisition of Grayloc Products LLC from ABB Vetco-Gray.  Grayloc manufactures a unique, highly engineered clamp connector that has a variety of applications within the offshore oil and gas industry, refineries and petrochemical plants and the defense industries, among others.  Grayloc was sold to Oceaneering International, Inc. in June of 2005 for approximately $41 million plus a subsequent working capital adjustment.

    Also see our energy, power, industrial and water investment criteria under the Criteria button.