News Archive

Intervale Capital Closes Second Fund at $376 Million


Intervale Capital, LLC ("Intervale") today announced the final closing of its second fund with capital commitments of $376 million. Intervale Capital Fund II, L.P.

Intervale Capital Sells Ulterra Drilling Technologies to ESCO Corporation


Cambridge, MA  – Intervale Capital, a private equity firm focused on the oilfield services industry, has sold Ulterra Drilling Technologies, L.P. (“Ulterra” or the “Company”) to ESCO Corporation for $325 million in cash, subject to customary closing adjustments.

Intervale Capital Exits Casedhole Solutions


Cambridge, MA – Intervale Capital, a private equity firm focused on the oilfield services industry, has sold Casedhole Solutions Inc. (“Casedhole”) to C&J Energy Services, Inc.

Proserv Acquires the Subsea Controls Business of Weatherford International


Aberdeen, Scotland - Proserv Group Inc., a leading global energy production technology services company headquartered in Aberdeen, Scotland, has acquired the subsea controls business of Weatherford International.

Intervale Capital Invests in Allied Oil & Gas Services


Fort Worth, TX - Allied Oil & Gas Services, a cementing and acidizing business headquartered in Fort Worth, Texas, has been acquired by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies.

Combination of Proserv Group and Galathea Group Completed


Aberdeen, Scotland – Proserv Group AS and Galathea Group Inc. have combined to form Proserv Group Inc. (“Proserv” or “the Company”).

Intervale Capital Promotes Erich Horsley to Partner


Cambridge, MA – Intervale Capital (“Intervale”), an energy-focused middle-market private equity firm, announces the promotion of Erich Horsley to Partner.

Tejas Completion Solutions Acquires Seven Strategic Field Service Locations


The Woodlands, TX - Tejas Completion Solutions ("Tejas") today announced that it has acquired seven field service operations previously affiliated with Team Oil Tools (“Team”) in a transaction sponsored by Intervale Capital ("Intervale").Tejas had acquired the manufacturing business of Team in a

Soane Energy Secures First Round of Institutional Financing


Chevron Technology Ventures Joins Lead Investor Intervale Capital to Fund Development of Oil and Gas Technologies that Address the Worldwide “Hunger for Energy”

Proserv Group Strengthens Capital Structure To Promote Growth


The Norwegian-based Proserv Group AS has recently taken on a significant new investor, Intervale Capital, a US-based private equity fund which invests exclusively in oilfield services companies.  In conjunction with the Intervale transaction, the company has also raised equity of 120mm NOK (appro