Eagle Automation Announces Majority Investment from Featheringill Capital

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Denver, CO – Eagle Automation, a specialty distributor of automation & measurement solutions to the upstream Oil & Gas industry today announced that it has entered into a definitive agreement with Featheringill Capital, along with substantial participation by the company’s senior management, to purchase a majority interest in Eagle Automation. The investment will drive growth at Eagle Automation, allowing the Company to expand its best in class solutions offerings, pursue acquisitions, and invest in its teams and infrastructure.  Terms of the transaction were not disclosed.

Founded in 2000, Eagle Automation has six locations throughout Colorado (Denver, Greeley, and Rifle), Texas, New Mexico and Kansas.  The Company is focused on bringing industrial automation technologies and best-practices to the wellsite and production facilities. Eagle provides a comprehensive and integrated suite of Automation & Measurement (A&M) services and products, helping customers realize operational and cost efficiency improvements. By providing modular and easily deployable solutions, Eagle Automation seeks to minimize the complexity, amount of time, and resources needed to install and maintain A&M systems.

“As the Oil and Gas market continues to demand more innovative technologies and solutions and more efficient operating models, the partnership with Featheringill will advance Eagle’s capabilities and the value we deliver to our customers,” said Brandon Giles, founder and CEO.  Added Giles, “I am excited to partner with one of our largest investors since 2013, a high character and talented team that shares our 2020 Vision for the Company and has a track-record of being responsible stewards of the companies that they invest in.  The partnership will allow Eagle to accelerate the delivery of new and existing solutions to the market, enhance our suite of capabilities and enter new geographies.”         

 “In the fragmented Automation and Measurement market, Eagle has differentiated itself by consistently offering superior products and services to blue-chip customers in the oil and gas industry. The strong leadership team at Eagle has built a great foundation and we’re excited to help them expand their footprint,” said Bill Fox, Managing Partner at Featheringill Capital.

Capstone Headwaters served as exclusive financial advisor to Backcountry Capital, the seller of Eagle Automation, in connection with this transaction. Woods Oviatt Gilman LLP served as legal counsel to Backcountry Capital in connection with this transaction. Bradley Arant Boult Cummings LLP served as legal counsel to Featheringill Capital in connection with this transaction.

 

About Eagle Automation

Eagle Automation, LLC is a specialty distributor that provides automation and measurement products, services, and solution packages to upstream oil & gas producers. The Company is focused on bringing industrial automation technologies and best-practices to the wellsite and production facilities. Eagle provides a comprehensive and integrated suite of Automation & Measurement (A&M) services and products, helping customers realize operational and cost efficiency improvements. The Company is headquartered in Denver, Colorado. For more information, visit www.eagleautomation.com.

 

About Featheringill Capital

Featheringill Capital is an operator-led family office investment firm, devoted to building upon the legacy of great companies. Featheringill invests in high-growth businesses and partners with management teams primarily in the tech-enabled services, healthcare technology, and telecommunications space. Featheringill Capital is headquartered in Birmingham, Alabama. For more information, visit www.featheringillcapital.com.

 

About Capstone Headwaters

Capstone Headwaters is a leading investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides merger & acquisition, private placement, corporate restructuring and financial advisory services across 16 industry verticals to meet the life cycle needs of privately held companies. Headquartered in Boston, Capstone Headwaters has 19 offices in the US, UK and Brazil with a global reach that includes over 300 professionals in 34 countries. For more information, visit www.capstoneheadwaters.com.