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FALCON WIRELINE, LLC |
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Falcon Wireline, LLC, headquartered in Woodward, Oklahoma, provides electric
wireline service for its customers in western Oklahoma and the Texas
Panhandle. Falcon was formed in
2001 by Mr. Manley Porter and a group of industry investors.
Mr. Porter and the investment group determined that timing may be good
to pursue the sale of the Company, and initiated discussions with friends in
the private equity industry as to who might assist them.
An acquaintance of Dillard Anderson Group (DAG) within one of the firms
recommended DAG. After initial
discussions and a check of references from previous clients, the owners of
Falcon appointed DAG to assist in the sale.
DAG performed an analysis of the potential strategic and financial buyers.
The best overall valuation was delivered by Gray Wireline Services,
Inc., a relatively new platform of Centre Southwest Partners, Dallas, Texas.
The owner group realized its liquidity objective, and the management
and all employees of Falcon were pleased to accept ongoing employment with the
new owners. |
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