
Generational Group Advises Katko in Merger with Turning Basin Capital
By Generational Group
11/15/2017
Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the merger of its client, Katko, Ltd., with Basin Energy Group, an affiliate of Turning Basin Capital. The transaction closed November 3, 2017.
Headquartered in Carmichaels, PA, Katko has been an industry-leading production and midstream services firm for over 22 years by specializing in well hook up services, maintenance of midstream and production assets, and specialty welding services in Ohio, Pennsylvania and West Virginia. Its customers include natural gas and oil producers as well as midstream operators in the Appalachian region.
"I believe Turning Basin Capital, through its portfolio company Basin Energy Group, is the best partner for Katko to achieve its objectives," said John Bettem, president of Katko.
"This merger allows Katko and its employees to be part of one of the region's most comprehensive service firms with the capability to cover any producer or midstream operator focused on the Marcellus/Utica Basin."
Turning Basin Capital, a private equity firm based in Richmond, VA, focuses on lower middle market companies that cater to the energy and power sectors.
Turning Basin provides equity capital to fund growth initiatives and to facilitate ownership transition for companies in oil and gas development, production, and transportation; conventional as well as renewable/distributed power generation; and electric transmission and distribution.
With the addition of Katko, Basin Energy Group has grown to more than 300 employees operating in five offices covering seven states.
"We are excited to add John to the Basin Energy Group board of directors as we look to build Basin into the premier production services firm in the region," said Bill Johnson, president and CEO of Basin.
Generational Group Managing Director Doug Smith's team, led by Vice President Ryan Johnson, successfully closed the deal. Generational Group Senior Managing Director Thomas Hamm established the initial relationship with Katko.
"It was a pleasure to work with these companies to help them both find the optimal merger for their investors and their businesses," said Johnson. "Together, Katko and Basin Energy Group can take advantage of the rapidly changing and growing energy market in the Appalachian region."
About Generational Group
Generational Group is part of the Generational Group headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 200 professionals located throughout North America, Generational Group helps business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.
The M&A Advisor recently named the company its 2016 Investment Banking Firm of the Year. For more, visit https://www.genequityco.com/ or the Generational Group press room.
About Generational
Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.
Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.
The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.