CenterGate Capital Acquires The Oil & Gas Asset Clearinghouse

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CenterGate Partners with the Leader in Oil and Gas Auction and Negotiated Transactions

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We are thrilled to partner with The Clearinghouse, an innovative industry leader that has provided transaction services in over 32,000 distinct deals worth over $11 billion.

CenterGate Capital, L.P., the lower middle-market private equity investor, announced the acquisition of Marketplace Holdings, LLC, which conducts business as The Oil & Gas Asset Clearinghouse. Headquartered in Houston, Texas, “The Clearinghouse” is the only oil and gas acquisition and divestiture advisory firm that offers a complete line of auction and negotiated transaction services, which are technically supported through online and digital data delivery systems.

“We are thrilled to partner with The Clearinghouse, an innovative industry leader that has provided transaction services in over 32,000 distinct deals worth over $11 billion,” said Tiffany Kosch, Managing Director of CenterGate Capital. “We are excited about the strength of The Clearinghouse business and believe they are uniquely positioned to capitalize on the current commodity cycle. Their 21 years of transaction expertise has successfully bridged buyers and sellers even in the most fluid markets.”

“We remain dedicated to providing our clients with optimally tailored acquisition and divestiture solutions for the oil and gas industry” said Ken Olive, CEO of The Clearinghouse. “Our unique hybrid auctions, coupled with efficient online processes and technically supported negotiated transactions, offer clients on both sides of the transaction unparalleled market access. All marketing services are complimented by an unmatched suite of engineering and geological technical capabilities.”

J. Sulester of Pasadera Capital acted as an advisor on the transaction. Jones Day provided legal counsel to CenterGate, and Comerica Bank provided financing. Terms of the transaction were not disclosed.

About The Oil & Gas Asset Clearinghouse
The Clearinghouse is the premier provider of oil and gas property marketing and advisory services. Conducting numerous live oil and gas hybrid property auctions annually, The Clearinghouse allows its clients to participate through physical attendance or to compete online in real time. The Clearinghouse also provides negotiated transaction services focused on the mid-market and a sealed bid process. All marketing and advisory services are supported by a high level of reserve engineering, geo-science and land expertise. More information about The Clearinghouse and its upcoming auctions can be accessed at http://www.ogclearinghouse.com.

About CenterGate Capital
CenterGate Capital is an Austin, Texas based private equity firm focused on improving and growing lower middle market companies with revenues of $10 to $250 million. CenterGate brings together a balance of transactional and operational experience, along with a network of advisors and strategic relationships, which provide our portfolio companies with exceptional resources. For more information visit http://www.centergatecapital.com.

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Tiffany Kosch

Stenning Schueppert
CenterGate Capital
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