Intervale-backed Tier 1 Energy acquires Avenger Oil Tools
Tier 1 Energy Solutions Inc, which is backed by U.S. energy private equity firm Intervale Capital, has purchased Avenger Oil Tools and its subsidiaries. The financial terms of the acquisition were not disclosed. Based in Calgary, Avenger Oil Tools provides downhole completion tools, drilling tools and related services in the Western Canadian Sedimentary Basin. Update: Tier 1, a provider of a range of wireline and completion tool running services, is based in Edmonton. Earlier in 2014, Intervale created the company in partnership with management.
10 November 2014•3 mins read
