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Intervale Capital Closes Second Fund At $376 Million

Intervale Capital is an energy-focused private equity firm, with headquarters in Cambridge, Massachusetts, and an office in Houston, Texas, investing exclusively in middle-market oilfield services and manufacturing companies and related technologies.  The firm has more than $650 million under management and is currently investing from its second fund.

Recent Intervale transactions include:

  • August 2012 : Sale of Ulterra Drilling Technologies L.P., a Fort Worth, TX-based company that manufactures and rents matrix and steel-body polycrystalline diamond compact (PDC) bits and drilling optimization tools for use in all the major oil and gas basins in the U.S., to ESCO Corporation for $325 million
  • June 2012: Sale of Casedhole Solutions, Inc., a leading multi-regional, independent provider of cased-hole wireline and other complementary services for energy producers, to C&J Energy Services, Inc. (NYSE: CJES) for $278 million
  • May 2012: Acquisition of the subsea controls business of Weatherford International by Proserv Group, Inc., a leading global energy production technology services company headquartered in Aberdeen, Scotland

SOURCE Intervale Capital

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