Sentinel Energy Services, an affiliate of CSL Capital Management L.P., acquired Strike Capital, which owns and operates Strike LLC, a leading North America infrastructure and integrity services and projects business, for $854m. Upon completion of the business combination, which is expected to occur during the first quarter of 2019, Sentinel will be renamed Strike Inc. and is expected to trade on the NYSE under a new ticker "STRK". Sentinel has also obtained commitments for a $150 million PIPE investment at $10 per share, including a cash commitment of $110 million by Fidelity Management and Research Company and $40 million investment by Sentinel's sponsor, CSL Capital Management L.P. and certain of its investment funds, comprising a cash commitment of $22 million and the contribution of a mid-stream pipeline services business, Invacor, valued at $18 million. These investments will be used to enhance Strike's balance sheet following the acquisition. Strike management will retain 75% of their existing ownership stake while OEP will retain 80% of their existing ownership stake in Strike Capital.