Manufacturer of Engineered Oil and Gas Equipment for Separation and Dehydration
In 2005 Bridge invested in Cimarron Energy, a $10 million designer of oil and gas production equipment (separation and dehydration) headquartered in Oklahoma. At the time Bridge formed the partnership, Cimarron designed gas processing equipment with a focus in the Rocky Mountain region. The partnership was formed to add production capacity and expand rapidly across North America. Bridge quickly led the acquisition of Central Tank in Marlow, OK. Central was Cimarron’s largest supplier of ASME code vessels and outsourced skid-based systems. Cimarron quickly expanded its distribution by adding sales and service technicians in most leading oil and gas basins. As shale production was increasing in the U.S., Cimarron worked closely with industry-leading producers to develop equipment and systems to maximize productivity efficiency and safety.
Growth of Cimarron
With the help of Bridge, Cimarron added two production facilities and also established its new HQ in Norman, OK. With a well-executed strategic plan, Cimarron quickly became the market leader in shale well production equipment, displacing several large competitors. In 2007, after expanding revenues by 6-fold in a few years, Bridge and John Moore, Cimarron’s founder, decided to partner with Linx Partners for further expansion capital. From a modest beginning with 50 employees in 2005, the Cimarron team grew to almost 500 people in 2012 and was sold to Curtiss Wright for $135 million.
Bridge invests in Cimarron and builds aggressive growth plan, quickly acquiring Central Tank for fabrication capacity.
Continued capital investment in capacity and field services leads to Linx partnership to assist funding for future growth.
After a 12X growth in revenue over a 7 year period of Bridge involvement, Cimarron is sold to Curtiss-Wright.