Sequitur Energy Resources has received an undisclosed investment from ACON Investments and The Pritzker Organization. According to the company, the financing will be used to acquire and develop oil and gas assets in the U.S. Based in Houston, Texas, Sequitur is a provider of energy management services for exploration companies.
WASHINGTON & CHICAGO–(BUSINESS WIRE)–ACON Investments LLC (“ACON”) and The Pritzker Organization, LLC (“TPO”) today announced their investment in Sequitur Energy Resources, LLC (“Sequitur”). The Sequitur team, led by Scott Josey, is comprised of members of the former executive management team of Mariner Energy, Inc. Mariner was a diversified exploration and production company with assets in the Gulf of Mexico and Permian Basin which ACON purchased in 2004 and which was merged into Apache Corporation in 2010. With ACON and TPO’s support, Sequitur plans to acquire and develop oil and gas assets in the continental United States.
Bernard Aronson, Founding Partner at ACON, said, “We look forward to working with our partners at TPO and Sequitur to acquire additional upstream assets. We have great confidence in the Sequitur team based on our successful experience building Mariner and we welcome the partnership and added value of our longtime friends at TPO in this venture.”
Tom Pritzker, Chairman and CEO of TPO, said, “Our investment in Sequitur is consistent with our strategy of investing with successful management teams in building outstanding businesses for the long term.”
Scott Josey, CEO of Sequitur, said, “We look forward to working together again with our partners at ACON and we welcome the opportunity to work with TPO in this new endeavor.”
About ACON Investments
Founded in 1996, ACON Investments is a private equity investment firm focused on the middle market in both the United States and Latin America that has managed approximately $2.75 billion of capital through various funds. Headquartered in Washington, D.C., ACON has offices in Los Angeles, Mexico City, Sao Paulo, and Bogota. ACON historically has invested in upstream, midstream, services, and energy infrastructure in both the United States and in Latin America. For more information, visit www.aconinvestments.com.
About The Pritzker Organization
The Pritzker Organization (TPO) is the merchant bank for the interests of certain members of the Pritzker family. TPO’s primary focus is principal investing. For more than 60 years, TPO has controlled and guided the development of dozens of portfolio companies across a wide variety of industries, including manufacturing, logistics, life sciences, hospitality, healthcare and services. Notable businesses include Hyatt Hotels, Triton Container and the Marmon Group. In addition to its core strategy of long-term business building, TPO is also an active special situations investor, deploying capital across a wide spectrum of industries and across every tier of the balance sheet, from senior debt to equity. Additional information can be found at www.tpo.org.