CJ Energy has been acquired by CCNG Energy Partners
CJ Energy Services, LLC (“CJ” or the “Company”)
CJ is a leading environmental oilfield liquid waste management provider serving a 150 mile radius around its headquarters in Midland, Texas. Formed in 2004, the Company currently operates 13 saltwater disposal wells (“SWDs”) and is managed by two principals who have 25 years of combined experience in strategically identifying locations and developing SWDs. All of CJ’s SWDs were built in the last seven years specifically for high-volume, commercial operations and equipped with automation software allowing for enhanced operating features, including well automation, data reporting, site control and advanced security options.
Brock Capital Group, LLC (“BCG”)
Located in Houston, Texas, BCG is a generalist, private equity firm that invests in a broad range of industries, including, but not limited to, oilfield services, media and telecom, distressed debt, health care, and real estate. BCG focuses on capitalizing operating companies that possess current cash flow, strong underpinning collateral, and experienced management teams. BCG invests throughout the capital structure, but focuses primarily in preferred equity and mezzanine debt.
CCNG Energy Partners, L.P. (“CCNG EP”)
CCNG EP, through its subsidiary, Trinity Environmental Services, L.L.C., is a leading provider of environmentally- responsible non-hazardous oilfield waste disposal services for the Eagle Ford, South Texas, East Texas and Louisiana markets and is one of only two companies in the United States that use salt cavern injection disposal methods for non- hazardous oilfield waste.
Guggenheim Partners, LLC (“Guggenheim”)
Guggenheim is a privately held global financial services firm with more than $180 billion in assets under management. The firm is headquartered in New York and Chicago and serves clients around the world from more than 26 offices in eight countries.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.