Investment Summary

Turnbridge Capital Invests In Gradiant Energy Services

On February 1, 2017, private equity firm Turnbridge Capital invested in energy services and equipment company Gradiant Energy Services

Investment Highlights
  • This is Turnbridge Capital’s 11th transaction in the Energy Services and Equipment sector.
  • This is Turnbridge Capital’s 13th transaction in the United States.
  • This is Turnbridge Capital’s 2nd transaction in Colorado.

Investment Summary
Date 2017-02-01
Target Gradiant Energy Services
Sector Energy Services and Equipment
Investor(s) Turnbridge Capital
Deal Type Growth Capital

Target

Gradiant Energy Services

Denver, Colorado, United States
Gradiant Energy Services is an oilfield services company addressing the toughest water challenges through custom-engineered solutions and game-changing technologies. It serves oil and gas operators seeking economic, environmental, and efficient treatment, reuse, and recycle of water resources. Gradiant Energy Services was established in 2017 and is based in Denver, Colorado.

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Investor(S) 1

Investor

Turnbridge Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2008
Size Middle-Market
Type Sector Focused
DESCRIPTION

Turnbridge Capital is a private equity firm focused on investing in middle-market energy services and equipment providers supporting upstream, midstream, and downstream energy companies. Turnbridge will consider companies throughout North America and looks to commit $20 to $100 million in companies generating $25 to $250 million in revenue. Turnbridge prefers control investments, but will consider select minority situations. Turnbridge Capital was formed in 2008 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 13 of 15
Sector (Energy Services and Equipment) 11 of 13
Type (Growth Capital) 1 of 2
State (Colorado) 2 of 2
Country (United States) 13 of 15
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-26 USA DeBusk

Deer Park, Texas, United States

USA DeBusk is a provider of highly specialized mechanical and industrial cleaning services including hydro blasting, transportation services, hydro cutting, vacuum services, chemical cleaning, hydro excavation, pigging and decoking services, hot and fixed bed inert catalyst handling and cleaning services, and specialty turnaround services. The company operates out of 22 field offices, providing services for customers in a wide variety of end-markets such as the downstream refining, petrochemical, power generation, and manufacturing sectors. USA DeBusk was founded in 2012 and is based in Deer Park, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-09 Probe Technologies

Fort Worth, Texas, United States

Probe Technologies is a provider of cased hole logging and reservoir monitoring technology to the global oil and gas and geothermal industries. Probe operates through its extensive network of global representatives and technology and support centers in North America, Latin America, Europe, the Middle East, North Africa, and Asia. Probe Technologies was established in 1994 and is based in Fort Worth, Texas.

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