Energy Solutions International, Inc., a Portfolio Company of Inverness Graham Investments, Announced Today That it has Been Acquired by GFI Energy Group

HOUSTON, Texas, Sept. 20 /PRNewswire/ -- Energy Solutions International, Inc. (ESI), a portfolio company of Inverness Graham Investments, has announced that it has been acquired by the GFI Energy Group of Oaktree Capital Management.  ESI is a leading global supplier of software solutions for oil and gas pipelines and terminals.

"At ESI we are very excited about this investment from GFI which will help us bring our technology to the next level of excellence and enhance our ability to provide cost-effective solutions to our customers around the world," said Dr. Jo Webber, CEO of Energy Solutions. "Access to GFI's significant expertise and relationships in the energy markets will strengthen ESI as a leading provider of mission-critical technology solutions to the pipeline industry."

"GFI seeks to work with market leading companies and top notch management teams in the energy industry," said Ian Schapiro, GFI's Managing Director.  "As we investigated the energy logistics sector, it became evident that ESI's technology and products are markedly superior and address a growing market need.  We look forward to working with ESI's dedicated and experienced management team to help increase the scope of the Company's solutions, portfolio, and global presence."

About Energy Solutions International, Inc.

Energy Solutions International, Inc. (ESI) is a leading global supplier of pipeline management software for the oil and gas industry. Founded in 1976 and headquartered in Houston, Texas, ESI serves more than 500 clients in over 50 countries through its offices in the United States, United Kingdom, United Arab Emirates, India, Singapore, China and Canada. For information, visit www.energy-solutions.com.

About the GFI Energy Group

GFI Energy Group ("GFI") is a private equity investment arm of Oaktree Capital Management, a Los Angeles-based investment firm with approximately $76 billion in assets under management.  GFI invests in profitable, growing companies with innovative products and services used in the power and energy industries.  Through its fifteen year history, GFI has invested in more than sixty transactions with aggregate value of over $2.5 billion.  For information, visit www.oaktreecapital.com and www.gfienergy.com.  

SOURCE Energy Solutions International, Inc.