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United States : INTERVALE CAPITAL to acquire new energy assets

August 20, 2014

Intervale Capital, Houston private equity firm, will acquire Recapture Solutions LLC oilfield services company from its Houston holding company, Triten Corp.

Intervale has co-headquartered in Houston and Cambridge, Massachusetts. The firm is a bolstering equity firm that invests only in oilfield manufacturing and services companies, several of which are Houston-based. The value of the acquisition were undisclosed.

Recapture Solutions delivers flare reduction and natural gas power solutions to oil and gas production companies in the Permian Basin, along with in North Dakota and Colorado shale plays. It will maintain its brand name with Jason Arnoldy as CEO and Cary Ratterree as president, who co-founded Recapture in 2012.

Arnoldy stated "Our partnership with Intervale will accelerate growth in key markets as we seek to expand our service offering to include a comprehensive suite of natural gas solutions."

Charles Cherington, Intervale managing partner, commented "The industry and public recognize natural gas flaring is a waste of our nation's valuable natural resources, and we are excited to join with Recapture to develop a comprehensive solution."

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Source: TendersInfo (India)

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