CALGARY, Alberta and HOUSTON, May 5, 2016 /PRNewswire/ -- Intervale Capital ("Intervale"), an energy-focused private equity firm, has made a growth equity investment in Dynacorp Energy Services ("Dynacorp"). Dynacorp provides innovative sand management solutions, well testing and production processing equipment to operators and service providers in the oil and gas industry.
Justin Morin, Dynacorp's co-founder and Chief Executive Officer, sought the investment as part of a broad recapitalization of the company. Justin has served in numerous roles and leadership positions throughout the company since joining in 2002. Justin commented, "Operators face growing sand management challenges, which are made more acute in today's tough industry environment. Dynacorp offers innovative equipment and cost effective, full-service solutions to these challenges. We are excited to partner with Intervale, and look forward to working with them to accelerate our growth strategy across North America."
Patrick Connelly, Partner at Intervale, added, "We are thrilled to partner with Justin and his entire team. With a differentiated approach, proprietary equipment and a strong customer service culture, we believe Dynacorp is well positioned to fulfill operators' needs."
Dynacorp is a Canadian designer and manufacturer of proprietary sand filtration, well testing and production processing equipment. The company is headquartered in Calgary, Alberta with a manufacturing facility in Grand Prairie, Alberta, and has deployed equipment across North America.
About Intervale Capital:
Intervale is an energy-focused investment firm with offices in Houston and Boston. Intervale focuses on middle-market energy services and manufacturing companies. The firm has raised $1.3 billion of committed capital since its inception in 2006 and is currently investing from its third fund.
Other Intervale portfolio companies include Tier 1 Energy Solutions (wireline and completions in Canada), Team Oil Tools (downhole completions equipment and services), Aegis Chemical Solutions (production and specialty oilfield chemicals), Energes Oilfield Solutions (well testing, flowback & safety services), Antelope Oil Tools (downhole casing and cementing technologies), Epic Lift Systems (artificial lift equipment & production optimization services) and Certus Energy Solutions (oilfield inspection services and rental equipment), among other investments.
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SOURCE Intervale Capital