- Perot Jr, Brazos execs McGee and Kennealey formed MPK
- Firm has been active for about a year and a half
- Firm works with family offices on deals
MPK Equity Partners, a partnership of two executives from Brazos Private Equity Partners plus H. Ross Perot Jr, invested in EnergyNet, an online marketplace for buying and selling oil and gas assets.
EnergyNet, Amarillo, Texas, announced the deal last week. Mike McGill, Joe Terzo, Briton Bruge and Bonny Gammill of MHT Partners worked as EnergyNet’s financial adviser.
The transaction, for an undisclosed amount, is an early deal by MPK Equity, a private Dallas investment firm formed by Brazos co-founder Patrick McGee, former Managing Director Doug Kennealey and the son of billionaire and former presidential candidate H. Ross Perot.
MPK has been operating for about a year and a half on a deal-by-deal basis, tapping a group of family-office investors for capital.
Other members of the firm include Nick Huerta, a vice president who joined from Crestline Investors, where he was an associate; and operating partners Anurag Jain, Michael Glover and Eric Reeves.
“We’re being more flexible with respect to size, nature of investment, minority/majority, flexible with respect to when an exit makes sense, exiting when the management team thinks it’s right to exit. Our management teams are truly our partners,” McGee said.
“We are a positive combination between classic private equity and sophisticated family office, sort of bridging the benefits of both,” he said. “We partner with other likeminded, sophisticated family offices to execute this strategy.”
MPK Equity looks across a variety of industries, including aviation and aerospace; consumer and retail; education; energy; healthcare services and IT; insurance and financial services; specialty distribution and logistics; specialty manufacturing; and business services.
MPK likes to be the first institutional capital in a company through minority and control transactions, its website says. The firm looks to work with existing management teams.
Action Item: Reach Patrick McGee here: email@example.com
Photo of Patrick McGee courtesy of Brazos Private Equity