Bridgepoint Assists Badlands Tank Lines, LLC as Sole Buy-side M&A Advisor and Financing Arranger
August 30, 2019 – Omaha, NE – Principals of Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole buy-side M&A financial advisor and financing arranger to Badlands Tank Lines, LLC (“Badlands”) on their acquisition of Twin Eagle Transport, LLC, a division of Twin Eagle Midstream Assets, LLC (“Twin Eagle Transport”). Twin Eagle Transport is a provider of wholesale marketing and midstream services in the energy and gas industry. The acquisition creates a premier crude oil transportation company with scale among the largest carriers in the industry with over 170 trucks.
Bridgepoint Managing Director Wm. Lee Merritt commented, “We are proud to work with an iconic local company like Badlands Tank Lines. Our team ran an outstanding M&A process simultaneously with an equally as impressive Capital Raising process. On a very short time schedule the Badlands deal team delivered a terrific outcome for Badlands Tank Lines. It is a pleasure to help another Omaha business grow and take another major step toward achieving their ultimate corporate goals.”
Roger Johnson, Founder & CEO of Badlands, stated “Bridgepoint proved to be a trusted advisor and an integral partner in our acquisition of Twin Eagle Transport. Their local accountability, commitment and quality of service was second to none. Their tailored process partnered us with a committed capital provider, which will allow us to scale and solidify ourselves as an industry-leading carrier.”
About Bridgepoint Investment Banking
Bridgepoint Investment Banking, a division of Bridgepoint Holdings, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through their broker dealer relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients over their corporate lifecycles by providing capital raising and M&A advisory solutions. Bridgepoint serves clients globally across a range of focus sectors including trucking and transportation.
To learn more about Bridgepoint Investment Banking, please visit bridgepointib.com
About Badlands Tank Lines
Badlands Tank Lines is an active crude oil and natural gas liquids carrier in the Bakken (North Dakota and Montana); the Niobrara (Wyoming and Colorado); the Permian Basin (West Texas and Southeast New Mexico); and, the Eagle Ford (South Texas).