Silverpeak, a New York-based investment management firm, said April 6 it acquired certain assets in the Uinta Basin from Linn Energy Inc. for $132 million.

Linn Energy previously disclosed the sale in January but didn't name the buyer. Once a prodigious acquirer, Linn has spent the last year cleaning house, selling or agreeing to sell more than $1.85 billion of assets.

The company's divested Uinta assets comprise about 36,000 net acres in Utah’s oil-rich Altamont Bluebell Field. The acreage includes 116 PDP wells with significant reserves, work-over and development opportunities, according to Silverpeak's press release.

The assets will be managed by Altamont Energy, a recently formed affiliate of Silverpeak under the leadership of Jorge Manrique.

“The Uinta Basin is one of the largest hydrocarbon producing areas with OOIP comparable to the Eagle Ford and Bakken,” Manrique said in a statement. “We believe Altamont is well-positioned to capitalize on the potential of the assets through a robust development program which will be further supported by our expertise within the basin.”

Silverpeak said members of the Altamont management team have “significant experience developing and operating upstream assets and previously participated in the development of the Uinta Basin.”

“We are excited about the opportunity to acquire and further develop these well-located assets,” Harsh Rameshwar, a partner in Silverpeak’s energy business, said in a statement. “We see significant growth through operational and well maintenance improvements and an active development program using proven production technologies and methodical subsurface engineering.”

CIBC Griffis & Small and Jefferies LLC was Linn's co-financial advisers and Kirkland & Ellis LLP was its legal counsel during the transaction. Linn said the transaction had an effective date of Aug. 1, 2017.

In addition to its headquarters in New York, Silverpeak has primary offices in Atlanta and London. Since its inception in 2010, the firm has acquired more than $14 billion of gross asset value, according to the company press release.