Riata Capital Group Partners With Brad Goebel And David Zachariah To Pursue Investments In Production-Related Energy Services Businesses

DALLAS, Sept. 24, 2015 /PRNewswire/ -- Riata Capital Group, LLC. ("Riata"), a leading Dallas-based private investment firm, announced today that it has formed a partnership with Brad Goebel and David Zachariah to pursue investments in production-related energy services businesses, with an emphasis on sourcing opportunities in production equipment, production enhancement services, and water handling and disposal equipment and systems.

Goebel and Zachariah are seasoned energy services executives, each with more than 35 years of leadership experience in the sector. Prior to forming their partnership with Riata, Goebel and Zachariah served as CEO and COO, respectively, of Accelerated Companies, teaming with Riata Managing Partner Barron Fletcher to successfully build the business from $20 million to $430 million in enterprise value prior to its sale to Dover Corporation in October of 2014. Prior to Accelerated, Goebel and Zachariah built Applied Process Solutions, Inc. and Petreco International, Inc., ultimately selling to Hanover Compressor Company and Cameron International, Inc., respectively. Both transactions generated very attractive returns for investors.

"Accelerated is the most recent example of our historical success in energy services," said Fletcher. "We support proven executives with capital, our firm's resources and strategic guidance to deliver strong, consistent returns to our investors. While we take a long-term view toward investing in any industry, we believe that the continuing compression and dislocation in the oil and gas markets will create compelling opportunities to leverage the operating skills of Brad and David."

"I look forward to working with the Riata team to invest in and build commercially important, leading platforms on the production side of the North American energy services space," said Goebel. "Both David and I place a premium on working with experienced investment partners who have a similar view of the current competitive landscape and have created value through multiple market cycles."

"We look forward to working with Brad and David to find niche opportunities in the energy services space that are often too small and over-looked by larger pools of capital," said Riata Managing Partner Jeff Fronterhouse. "They have been particularly successful with building companies through acquisition, a 'start small and build large' strategy that lines up well with our historical approach to investing."

Riata Partner Glenn Askew will be actively involved with directing and supporting the strategy alongside Goebel and Zachariah.

Over the past two decades, Riata's principals have completed over 22 energy services transactions representing over $900 million in aggregate transaction value. Representative investments include Benetech, JetStar Energy Services, and Accelerated Companies.

About Riata Capital Group, LLC.
Riata Capital Group, LLC. is a leading Dallas-based private equity investment firm that partners with seasoned management teams to invest in growing, profitable, privately-held companies across North America with a focus on four core industry sectors: consumer, energy, healthcare, and business & industrial services. The firm takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and record of successful collaboration required to achieve their liquidity and value-creation objectives. Over the course of their careers, the principals of Riata have sponsored over 55 platform investments and 75 add-on acquisitions representing over $4 billion in transaction value. With significant investment experience, a balanced team with financial and operating expertise, a strong team of seasoned operating partners, and significant experience in the firm's core sectors, Riata provides a compelling value proposition to business owners and entrepreneurs.

Media Contact:
Courtney Goldberg
214.808.3603
[email protected]

SOURCE Riata Capital Group, LLC.