Initial Public Offering

Energy
Initial Public Offering

Summary

Baird served as a joint bookrunner on this offering

About

Cypress Energy Partners, L.P. (“Cypress” or the “Partnership”) (NYSE: CELP) recently completed an initial public offering of 4,312,500 common units at a price of $20.00 per unit, generating gross proceeds of $86.3 million. Cypress intends to use the net proceeds from the offering to reimburse Cypress Energy Holdings, LLC, which owns an approximate 68% interest in the Partnership, for certain capital expenditures incurred with respect to the assets being contributed to Cypress.

Cypress is a growth-oriented master limited partnership that provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies in North Dakota and west Texas. The Partnership also provides independent pipeline inspection and integrity services to producers and pipeline companies throughout the U.S. and Canada. In both of these segments, Cypress works closely with its customers to help them comply with increasingly complex and strict environmental and safety rules and regulations and reduce their operating costs. Cypress is headquartered in Tulsa, Oklahoma.

For additional information about this transaction, please contact:

Curtis Goot (314) 445-6540
Frank Murphy (314) 445-6532
Nick Alfermann (314) 445-6531
Gary Placek (414) 765-3611
Energy
Initial Public Offering
Date
January 2014
Company
Cypress Energy Partners, L.P.
Transaction
M&A
Sectors
Energy
Target Location
North America

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