Optum Energy Solutions
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Optum Energy Solutions - overview
Established
2015
Location
Houston, TX, US
Primary Industry
Oil & Gas
About
Optum Energy Solutions engages in providing innovative energy solutions focused on optimizing liquid transportation through advanced drag reducing agents, thereby enhancing pipeline efficiency. Optum Energy Solutions specializes in drag reducing agents for liquid transportation. The company was founded in 2015 and is headquartered in Houston, US. It has been involved in 2 deals, with the most recent deal occurring on February 13, 2019.
The firm operates as a subsidiary under LiquidPower Specialty Products Inc. and was acquired by them to enhance their DRA business. Optum Energy Solutions develops and manufactures drag reducing agents (DRA) crucial for improving the efficiency of pipeline transportation for various liquids, including crude oil and refined products. The company serves a wide range of industrial clients, including major oil and gas producers and pipeline operators, across markets in North America, South America, Europe, and parts of Asia.
Their patented solutions are designed to optimize fluid flow and reduce friction in pipelines, addressing key challenges in the energy and transportation sectors. Optum Energy Solutions generates revenue primarily through the direct sale of its DRA products to industrial clients, such as oil and gas companies, under both long-term agreements and transactional sales. These transactions may include additional support services like technical consulting, ensuring clients receive tailored solutions that align with their operational needs. The company maintains high quality standards, evidenced by its ISO 9001:2015 certification.
Following the acquisition by LiquidPower Specialty Products Inc. on February 13, 2019, Optum Energy Solutions is set to leverage resources for developing new drag reducing products aimed at expanding its market presence. Plans are in place to target additional markets in Europe and Asia by 2024, diversifying their geographic reach. The integration with LiquidPower's operations will facilitate funding for these initiatives, enhancing product development and market expansion strategies.
Current Investors
CSL Capital Management
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.optumenergy.com
Total Amount Raised
Subscriber access only
Optum Energy Solutions - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Optum Energy Solutions | - | ||||||||
| Buyout | Completed | Optum Energy Solutions | - |
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