NWDLS sells to Sentinel Capital-backed SPL

What's the deal? NWDLS has been acquired by SPLDealroom has a profile for this one. Try Dealroom →, a portfolio company of private equity firm Sentinel Capital PartnersDealroom has a profile for this one. Try Dealroom →. Northborne Partners served as the financial adviser to NWDLS on the transaction.

Financial terms of the deal were not disclosed.

The signal: The acquisition fits a well-worn private equity playbook: Sentinel Capital Partners, operating as an investment fund, is using its mature platform company SPL — known as a credible source of third-party hydrocarbon insights — to bolt on complementary businesses like NWDLS and consolidate its market position. The deal underscores how PE-backed buy-and-build strategies continue to drive middle-market M&A activity.

Read more: prnewswire.com