Houlihan Lokey Advises Moser Energy Systems

Houlihan Lokey is pleased to announce that Moser Engine Service, Inc. (dba Moser Energy Systems) has been acquired by WestFront Capital Group LLC (WestFront) and Hilltop Opportunity Partners LLC (HOP). The transaction closed on January 22, 2020.

Moser Energy Systems is a leading provider of natural-gas-powered generators and other distributed power solutions for heavy-duty, remote, and harsh environments, such as the oil and gas industry. Headquartered in Evansville, Wyoming, the company was founded in 1973 and has field offices across the United States. Moser Energy Systems’ facilities include in-house design, fabrication, manufacturing, and remanufacturing capabilities. The founding family will remain owners in the business, alongside HOP and WestFront. The company’s senior management team of industry veterans, led by Chief Executive Officer Darce Laws, also will have ownership in the company and continue in their leadership roles.

WestFront is a Dallas, Texas-based investment firm that makes equity investments in middle-market companies where creative thinking, hands-on involvement, and certainty may be important to the interested parties. WestFront’s approach includes a conservative use of debt and a long-term perspective to focus on companies with a high-quality management team and solid underlying economic fundamentals, regardless of near term circumstances.

HOP, the merchant banking investment arm of Dallas-based Hilltop Holdings Inc. (NYSE:HTH), pursues direct investment opportunities across the capital structure and in a variety of sectors (excluding banking). HOP employs a flexible investment strategy in order to address a variety of capital needs, targeting middle-market companies and opportunities. HOP focuses on both long- and short-term duration, non-control investments.

Houlihan Lokey served as the exclusive financial advisor to Moser Energy Systems and assisted in initiating, structuring, and negotiating the transaction on their behalf. This transaction exemplifies the continued success of Houlihan Lokey's dedicated coverage of the energy services sector.