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Investments



Over the years, we have invested in a wide range of industries, including:

  • energy exploration and production
  • energy services and equipment
  • gas gathering and transmission
  • contract drilling
  • manufacturers of oil field drill pipe and other drill stem and tubular products
  • financial services
  • financial asset and money management
  • architecture, engineering and construction,
  • diagnostic medical equipment
  • food processing
  • industrial product manufacturing
  • refrigerated display cases, refrigeration controls and systems
  • trucking and logistics
  • dry and refrigerated warehousing
  • tanning and leather manufacturing
  • mail order and specialty retailing
  • telecommunications
  • specialty printing

The following companies represent meaningful investments where Lubar has served a significant role as investor, director and advisor.

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Approach Resources Inc.
Approach Resources
Fort Worth, TX
http://www.approachresources.com
Ticker: AREX

Founded in 2002, Approach Resources Inc. is an independent energy company engaged in the exploration, development, production and acquisition of unconventional natural gas and oil properties.  The company seeks natural gas reserves in known tight gas sands and shale areas.  They currently operate 293 producing wells with over 180 billion cubic feet of proven reserves in Texas, New Mexico and Kentucky.


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Cogdell Spencer Inc.
Cogdell Spencer

Marshall Erdman
Charlotte, NC
http://www.cogdellspencer.com
Ticker: HPCO

Founded in 1972, Cogdell Spencer, Inc. is a publically traded Real Estate Investment Trust (REIT) specializing in the ownership, development, acquisition and management of medical office buildings and healthcare related facilities. In 2008, Cogdell Spencer acquired Marshall Erdman & Associates (MEA), a Lubar holding headquartered in Madison, Wisconsin that is engaged in the architectural design, engineering and construction of healthcare facilities. During its fifty-plus year history, Erdman has built over 4,000 healthcare facilities that are located throughout the U.S. The combination of the two companies created the country's most integrated provider of real estate services to the healthcare industry.


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Crosstex Energy, Inc.
Crosstex Energy, LP

Crosstex
Dallas, TX
http://www.crosstexenergy.com
Ticker: XTEX and XTXI

Founded in 1996, Crosstex is engaged in the gathering, transmission, treating, processing and marketing of natural gas. The Company operates over 5,000 miles of pipeline, 12 gas processing plants and carries over 3.1 billion cubic feet of gas per day throughout Texas and the Gulf Coast states. During the period of our investment, revenues have grown from $387 million to over $4.3 billion.

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Darby Overseas Investments, Ltd.
Darby Overseas Investments
Washington, DC
http://www.darbyoverseas.com

Darby Overseas Investments, Ltd. is an emerging markets investment firm that sponsors and manages private equity, mezzanine finance, and fixed income funds for institutional investors and high-net worth individuals. Darby was founded in 1994 by Nicholas F. Brady, former Secretary of the Treasury.  The firm focuses its investment activity on three emerging market regions: Latin America, Asia and Central/Eastern Europe.

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Ellora Energy Inc.

Ellora Energy
Boulder, CO
http://www.elloraenergy.com

Founded in 2002, Ellora Energy is an independent oil and gas exploration and development company that owns properties in east Texas, western Louisiana and in the Hugoton field in southwest Kansas.  The company operates 290 producing wells with over 293 billion cubic feet of proven reserves.


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Grant-Prideco
Grant-Prideco
Houston, TX
http://www.grantprideco.com
Ticker: GRP

Grant Prideco is the world's largest manufacturer and supplier of oil field drill pipe and other drill stem products and one of the leading North American providers of high-performance premium connections and tubular products.  During the period of our ownership, revenues grew from $6 million to over $1.8 billion.  In 2008, Grant-Prideco was acquired by National Oilwell Varco (NOV).

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Grey Wolf Drilling Co.
Grey Wolf Drilling
Denver, CO
http://www.gwdrilling.com/
Ticker: GW

Grey Wolf, Inc. is a leading provider of turnkey and contract oil and gas land drilling services in the United States. The company serves major and independent oil and gas companies with a premium fleet of rigs operating primarily in south Texas, the Gulf Coast, Ark-La-Tex, Mississippi/Alabama, Mid Continent and Rocky Mountain areas. During the years of our investment, the company grew from $10 million in revenues and 6 rigs to over $900 million in revenues and more than 120 rigs.

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Hallador Petroleum

Denver, CO
Ticker: HPCO
Hallador Petroleum Company is engaged in the production of coal in the Carlisle mine located in western Indiana. The company also has oil and gas reserves in the San Juan Basin located in the northwest corner of New Mexico and it owns a 32% equity interest in Savoy Energy, LLC, an oil and gas company with operations in Michigan.

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Lake Express
Lake Express
Milwaukee, WI
http://www.lake-express.com

Founded in 2003, Lake Express is the first high speed ferry in the U.S.  It carries passengers and vehicles across Lake Michigan between Milwaukee and Muskegon, Michigan in just two and one-half hours, saving passengers a lengthy drive through heavily congested Chicago.  It is a fun, fast, and easy means of travel.

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Milwaukee Brewers
Milwaukee Brewers
Milwaukee, WI
http://www.brewers.com

The Milwaukee Brewers are one of thirty professional baseball teams in Major League Baseball.

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Optique Capital Management, Inc.
Optique Capital Management
Milwaukee, WI
http://www.optiquecapital.com

Optique Capital is a SEC registered investment advisor with approximately $1.3 billion under management principally in value-related equity funds. Customers include corporations, endowment funds, foundations, benefit plans and high net-worth individuals. Their current fund offerings include domestic large cap, domestic small cap, international large cap, international ADR equity and global dividend value.


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Rockland Industrial Products, LLC
Rockland Flooring
Red Wing, MN
http://www.rocklandflooring.com
http://www.qualityonewoodwork.com


Rockland Industrial Products, LLC is a leading manufacturer of laminated wood flooring for the trailer and container markets in North America. The flooring is sold to Original Equipment Manufacturers worldwide,  including manufacturers of dry van trailers, truck bodies, specialty units and both intermodal and domestic containers. The Company also provides apitong wood products for the trailer and truck body industry as well as unfinished cabinets to major home improvement retailers through its Quality One subsidiary.

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Shared Imaging, LLC
Shared Imaging
Steamwood, IL
http://www.sharedimaging.com

Shared Imaging is a leading, independent provider of CT, MRI and PET/CT systems to hospitals and healthcare providers. The company has over 200 diagnostic imaging systems in 42 states, including one of the most advanced MRI technology portfolios in the industry and is the largest independent provider of CT systems in the US.
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Total Logistics, Inc.
Total Logistics Control
Milwaukee, WI
http://www.totallogistic.com
Ticker: TLCX

Total Logistics was a public company providing integrated logistics and facility management services through its wholly-owned subsidiary, Total Logistic Control.  The company operated refrigerated and dry warehouses and provided contract transportation and logistic services to its customers.   During the period of our ownership, revenues grew from $30 million to approximately $300 million. The Company was purchased by SuperValu in 2005.

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Weatherford International LTD.
Weatherford International LTD.
Houston, TX
http://www.weatherford.com
Ticker: WFT

Weatherford is a diversified international energy service and manufacturing company that provides a variety of drilling, completion and production services to the exploration, production and transmission sectors of the oil and gas industry. The Company operates in virtually every oil and gas exploration and production region throughout the world, approximately 103 countries in total. The Company divides its business into two separate segments: Drilling Services and Production Systems. During the period of our investment, revenues have grown from $250 million to nearly $10 billion.

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Wrightwood Capital
Wrightwood Capital
Chicago, IL
http://www.wrightwoodcapital.com

Wrightwood Capital is a real estate finance and investment company which provides capital to real estate developers and operators seeking creative financial solutions to meet their equity and debt financing needs.  Wrightwood originates loans throughout the U.S. from its headquarters in Chicago and five branch offices.  The company has a proven track record of more than 500 transactions closed and approximately $5 billion of capital invested.

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Zero Zone, Inc.
Zero Zone
North Prairie, WI
http://www.zero-zone.com

Zero Zone manufactures high quality refrigerated display case equipment for the supermarket, convenience store and drug store markets as well as refrigeration and electrical distribution systems used in supermarkets, ice arenas and cold storage industrial applications.

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