Capstone Partners, a leading international investment banking firm, announced that it has successfully advised Purple Land Management (Purple or the Company) on its acquisition by Satori Capital, LLC.
Now, to take our vision to the next level, we need a strategic partner – one that shares our values and our focus on the long term – and Satori Capital is an ideal fit. Satori’s unique funding structure sets us up to be nimble, to grow our high-value products, and to give more than we take to our team members, clients, and country over the long haul.
Purple Land Management is a full-service land management firm skilled at handling everything from title and leasing, due diligence and opinion certification to right-of-way acquisition, surveying and surface operations. The Company serves the Energy Services, Public Works, Communications, and Estate Management & Trust industries. Purple’s technology increases efficiency, reduces costs, and improves communication by keeping customers continually informed. Through Purple’s proprietary Overdrive application, customers can check the status of a title or lease, map the progress of a drilling project, or monitor cumulative production of a well, leasehold, county, or basin.
Purple’s decision to partner with Satori reflects the alignment of the two firms in seeking to expand Purple’s business while maintaining its successful practices and forward-thinking culture. “Our goal at Purple has always been to push the envelope in the oil and gas industry, and that’s been a key part of our success over the last eight years,” said CEO Bryan Cortney.
“Purple doesn’t look anything like a traditional land services company,” said Satori Co-Founder Sunny Vanderbeck. “Most consist of one or a few landmen manually searching records at a county courthouse, with no technology integration or support services. Purple, on the other hand, uses a cloud-based data platform with digitized title records and GIS map integration that provides customers with near-real-time access to their data on any device.”