CIMARRON ENERGY RECAPITALIZED BY TURNBRIDGE CAPITAL PARTNERS
NORMAN, Okla., December 16, 2014 – Turnbridge Capital Partners (“Turnbridge”), an energy focused private equity firm with offices in Dallas and Houston, announced today that it has acquired Cimarron Energy Inc. (“Cimarron”) from Curtiss-Wright Corporation (NYSE: CW). Cimarron is a leading manufacturer of oil and natural gas production and processing equipment, providing separation, flowback, and environmental products to oil and natural gas exploration and production companies throughout the United States.
Mr. Todd Tomlin, a Partner of Turnbridge, said “we are pleased to partner with the management and employee team in re-establishing Cimarron as an independent company and to provide capital for its continued growth. For over thirty years, Cimarron has earned a reputation for delivering high quality equipment and services at competitive prices to a broad customer base of the most active oil and natural gas companies in the U.S. Together with Larry Holdge and the entire leadership team, we expect to actively expand Cimarron’s presence in the industry in the years ahead.”
Mr. Larry Holdge, President of Cimarron added, “Turnbridge’s unique knowledge of, and experience in, the sector, in combination with a strong balance sheet, will accelerate our growth. The company now will have the financial resources and backing to scale our organization across engineering, manufacturing, sales and administrative disciplines and to expand our product services suite and geographic footprint for the benefit of our customers, suppliers, and employees.”
About Cimarron Energy
Founded in 1976, Cimarron Energy is a manufacturer of oil and natural gas production and processing equipment providing separation, flowback, and environmental products to exploration and production companies throughout the United States. Cimarron’s production and processing equipment is used to efficiently separate oil, natural gas, and water as well as other materials from hydrocarbon streams for transportation and sale. The company’s environmental devices provide high performance, cost effective and regulatory compliant solutions for emissions control. Cimarron operates from manufacturing facilities in Newcastle, OK; Marlow, OK; and Evans, CO. For more information, please visit www.cimarron.com .
About Turnbridge Capital
Turnbridge Capital, LLC is an energy-focused private equity firm with offices in Dallas and Houston, Texas. Turnbridge seeks to invest alongside experienced management teams in companies that provide products and services to the upstream, midstream and downstream end-market segments. For more information, visit www.turnbridgecapital.com .
Larry Holdge, President, 405.928.7373
Todd Tomlin, Partner, 214.624.5010