Private equity firm First Reserve has acquired Dixie Electric LLC from One Rock Capital Partners LLC.

Odessa, Texas-based Dixie provides electrical infrastructure materials and services to the upstream oil and gas sector. Terms of the deal were not disclosed. Under First Reserve’s ownership, Dixie plans to pursue add-on acquisitions to increase market share and expand into new geographies.

Private equity firm First Reserve specializes in energy business. In October, the Greenwich, Conn. firm announced a deal for TNT Crane & Rigging Inc.,which provides lifting services and equipment to the energy and infrastructure markets.  First Reserve was Mergers & Acquisitions’ M&A Mid-Market Award winner for Private Equity Firm of the Year for 2011.

One Rock Capital, headquartered in New York, makes middle-market PE investments.  The firm also backs Petroplex, which provides acid-stimulation services, Kova International, which makes urinalysis supplies, and Summit Research Labs, which makes ingredients for antiperspirants.


 

William Blair & Co. LLC served as Dixie’s financial adviser.

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