Intervale Capital-led deal creates Tier 1 Energy Solutions
U.S. energy-focused private equity firm Intervale Capital has invested alongside a management team to create Tier 1 Energy Solutions Inc, a provider of wireline and completion tool running services based in Edmonton, Alberta. The financial terms of the transaction were not published. Tier 1 currently has operations and sales offices in Nisku, Grande Prairie and Calgary. Intervale said the company has plans to expand its footprint to include the most active oil and gas producing regions in the Western Canadian Sedimentary Basin. Kevin O'Dwyer leads Tier 1 as its CEO.
5 February 2014•2 mins read
