WildFire Energy I LLC, an independent energy platform company has agreed to acquire Hawkwood Energy LLC, an independent exploration and production company. The transaction attributes an enterprise valuation to Hawkwood of approximately $650 million. Following the transaction Hawkwood’s existing shareholders will retain an approximately 50 percent equity interest in WildFire, alongside the approximately 50 percent held by WildFire’s management team and private equity sponsor Kayne Anderson.

Hawkwood Energy is an independent exploration and production company focused on economically developing oil and natural gas resources.

“Enabled by its strong balance sheet, WildFire will actively pursue attractive risk/reward opportunities both through the drill-bit and via accretive acquisitions.” said Mark Teshoian, managing partner at Kayne Anderson.

“We are proud of what Hawkwood has accomplished since entering the Eagle Ford and believe that joining with WildFire is the next logical step in our evolution,” said Jim Addison, CEO of Hawkwood. “We are impressed by the team’s extensive knowledge of and experience in this basin and are excited for the opportunities that lay ahead.”

“We look forward to leveraging our prior experience as neighbors to Hawkwood to continue the team’s track record of efficient, profitable operations,” said Anthony Bahr, CEO of WildFire. “The improving environment for oil and gas presents exciting opportunities for WildFire and we are pleased to have the backing of our sponsors to go pursue them.”