CCI, a portfolio company of Versa Capital Management, has acquired the assets of Nicholas Consulting Group
February 2021 — Culberson Construction, Inc. (CCI), a portfolio company of Versa Capital Management, has acquired the assets of Nicholas Consulting Group, Inc.
CCI is a leading oilfield services construction company operating across the major oil producing basins of Texas, New Mexico and Oklahoma.
Nicholas Consulting Group is a provider of engineering, procurement and construction services in west Texas. The company serves oil & gas producers and ancillary oil & gas services providers, including saltwater disposal (SWD) operations. Most of the company’s revenue is produced by designing, engineering and constructing surface facilities and pipeline infrastructure. NCG has a special expertise in carbon capture and in CO2-lift enhanced oil recovery (EOR).
Our role in the transaction
Oaklins’ team in Dallas worked as a buy-side advisor. The team advised Versa Capital Management throughout the transaction, from identifying the target company to supporting the negotiation of an asset sale agreement that included a complex equity structure in the dissolution of an employee stock ownership plan (ESOP).
Talk to the deal team
Bryan Livingston
Oaklins Capital Alliance
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