Banner Midstream Corp.
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Banner Midstream Corp. - overview
Established
2018
Location
San Antonio, TX, US
Primary Industry
Oil & Gas
About
Based in Texas, US, and founded in 2018, Banner Midstream Corp. operates as a fully integrated oil field services company led by its CEO Jay Puchir. In August 2022, Enviro Tech Chemical Services, Inc. , a portfolio company of Arxada Ltd.
/Troy Corporation, Bain Capital, and Cinven, acquired Banner Midstream from Ecoark Holdings for USD 1. 5 million, in a reverse merger transaction. As of September 2022, the company operates in Texas, Louisiana, and Mississippi. Banner Midstream engaged in oil and gas exploration, production, and drilling operations on over 20,000 cumulative acres of active mineral leases.
In addition, the company also provides transportation and logistics services and procures and finances equipment for oilfield transportation services contractors. The company operates through Pinnacle Frac Transport, Capstone Leasing, Shamrock Upstream Energy, and White River Holdings Corp.
Current Investors
Enviro Tech Chemical Services, Inc.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Oil & Gas Exploration and Production, Oil & Gas Transportation
Website
www.bannermidstream.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Banner Midstream Corp. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Banner Midstream Corp. | - |
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