Merced Capital
701 Carlson ParkwayMinnetonka, MN 55305
Website: mercedcapital.com
Firm Size
- Assets Under Management (AUM):$636 Million
- Number of Funds:7
- Employees:13
- Firm Type:
Description
Merced Capital, L.P. is a financial investment firm based in Minnetonka, Minnesota. The company specializes in private equity investments and primarily focuses on restructuring and turnaround situations. Merced Capital aims to provide capital and expertise to distressed companies, helping them improve and grow their business operations. The firm takes an active and hands-on approach, working closely with management teams to develop and implement strategic plans to enhance profitability and value. With a strong track record in successfully turning around businesses, Merced Capital has established itself as a trusted partner for companies seeking financial support and guidance to overcome challenging situations.Latest News
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Feb 21, 2024: Kodiak Gas Services, Inc. Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders
Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE: KGS) and CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024 , certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement"). These unitholders, Spartan Energy Partners LP, Orvieto Fund LP, Merced Capital LP, and the named executive officers of the General Partner (the "Supporting Unitholders"), own approximately 54% of the Partnership's outstanding common units. While the consents of the Supporting Unitholders are sufficient to approve the transaction, the Partnership is requesting all of its unitholders approve the Merger Agreement and the other proposals outlined in the Registration Statement by executing and returning the written consent furnished with the filing. Kodiak and the Partnership expect the transaction to close in the second quarter of 2024, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance.
Jul 26, 2023: CSI Compressco LP Announces Appointment of New Director
CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that on July 24, 2023 , Spartan Energy Holdco LLC, the sole member of CSI Compressco GP LLC (the "General Partner"), the general partner of CSI Compressco, increased the size of the Board of Directors of the General Partner (the "Board") from eight members to nine members and appointed Joseph Patrick McElroy to serve as a member of the Board, effective immediately. Mr. McElroy currently serves as a Managing Partner of Merced Capital, L.P.