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Proserv Group Strengthens Capital Structure To Promote Growth

09/01/2009

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

Tejas Completion Solutions Acquires Team Oil Tools

06/30/2009

Houston, TX - Tejas Holdings has acquired the assets of Tulsa-based Team Oil Tools ("Team") in a transaction sponsored by Intervale Capital ("Intervale").  The combined businesses will be rebranded as Tejas Completion Solutions ("Tejas").

Cherington Capital and Carlyle/Riverstone Sell International Logging to Weatherford International

08/21/2008

Cambridge, MA— Cherington Capital announced today that it has sold its interest in International Logging, Inc. (“ILI”) to Weatherford International Ltd. Cherington, Carlyle/Riverstone Global Energy and Power Fund III and management acquired ILI in March 2006.

Intervale Capital Invests in Tejas Research & Engineering

08/20/2008

The Woodlands, TX - Tejas Research & Engineering, LP, a growing engineering and completions technology company based in The Woodlands, Texas, has been recapitalized in a transaction sponsored by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services

Intervale Capital Invests in Casedhole Solutions

06/25/2008

Weatherford, OK – Casedhole Solutions, Inc., a wireline services company based in Weatherford, Oklahoma, has been recapitalized in a transaction sponsored by Intervale Capital, a private equity firm focused on investments in middle-market oilfield services companies.  Casedhole offers a comprehen

$280 Million Debut Buyout Fund Closed

05/30/2008

Intervale Capital, LLC (“Intervale”) has closed its debut buyout fund, Intervale Capital Fund, L.P. (together with its affiliate partnership, the “Fund”), with capital commitments in excess of $280 million.

AESI Holdings Acquires Hydrafit Subsea

03/29/2008

Aberdeen, Scotland - Hydrafit Subsea UK, Ltd., a subsea services company based in Aberdeen, has been acquired by Houston-based AESI Holdings in a transatlantic deal.

Ulterra Drilling Technologies Acquires United Diamond

12/20/2007

Fort Worth, TX  - United Diamond, Ltd., a manufacturer of drill bits and other downhole tools based in Leduc, Alberta, has been acquired by Ulterra Drilling Technologies, L.P..

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