EFM’s Pitts on Lotus Midst ream exit; Hg goes for tre asure management software; Clearview recaps Inventive

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EFM’s Pitts on Lotus Midstream exit; Hg goes for treasure management software; Clearview recaps Inventive

Good morning Hubsters, Nina Lindholm here with the Thursday Wire.

We open today with an exit, as Obey Martin Manayiti speaks to EnCap Flatrock Midstream managing partner Samuel Pitts about the sale of Lotus Midstream, a crude oil gathering and transportation company.

Elsewhere, we have Hg snapping up a majority stake in treasure management software provider GTreasure, Kaho Partners-backed Addtronics picking up Bow Robotics, a provider of spare-parts, rebuild and repair services and preventative maintenance for industrial robots. We also have a recapitalization by Clearview involving Inventive, a maker of products for the towing, fishing, ATV/UTV and garage end-markets.

Oil gathering

Let’s kick off with an exit as they are a bit of a rare sight these days. PE Hub’s Obey Martin Manayiticaught up with Samuel Pitts, a managing partner at EnCap Flatrock Midstream, to learn more about the firm’s recent $1.45 billion exit from Lotus Midstream.

Sugar Land, Texas-based Lotus Midstream focuses on crude oil transportation, terminaling and storage.

You can read Obey’s full story here to learn more how EFM grew Lotus Midstream during the ownership period.

Risk management

Moving on to a treasury software deal. Hg, a London-headquartered software focused investor, made a majority investment in GTreasury, a Chicago-based treasury, payments and risk management software provider.

You can read more on that here.

Robotics

Next up we have an add-on. Addtronics, which is backed by Kaho Partners, acquired West Chester, Ohio-based Bow Robotics, a provider of spare-parts, rebuild and repair services and preventative maintenance for industrial robots.

In tow

Lastly, let’s look at a recapitalization. Clearview Capital has recapitalized Inventive, an Idaho-based maker of products for the towing, fishing, ATV/UTV and garage end-markets.

That’s all from me. Obey Martin Manayiti will write to you tomorrow to close the week.

Cheers,
Nina

Read the full wire commentary on PE Hub ...

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