Curtiss-Wright Buys Cimarron Energy for $135M
The target makes separation and dehydration equipment for the U.S. oil and gas industry
Curtiss-Wright Corp. (NYSE: CW) has purchased Cimarron Energy Inc. for $135 million.
Cimarron manufactures separation and dehydration equipment for the U.S. oil and gas industry. The company also makes products that control toxic well site emissions, provide better equipment energy efficiency and enable remote equipment monitoring.
The target was a portfolio company of private equity firm Linx Partners LLC. Linx is based in Atlanta and New York.
Parsippany, N.J.-based Curtiss-Wright provides engineering products and services.
For more on energy sector M&A, see “Fracking Fuels Energy Deals.”
Harris Williams & Co. advised Cimarron on the deal.
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