TriWest backs drilling tech company HPC Energy Services
Canadian private equity firm TriWest Capital Partners has invested in HPC Energy Services Ltd, a Calgary-based oil and gas product and service company. No financial terms were disclosed for the deal, which saw TriWest partner with HPC's management team, led by President and CEO Tyler Armstrong, and existing shareholders. Founded in 1998, HPC designs, develops, makes and sells primary cell and battery pack technology solutions that support drilling activity. TriWest Senior Managing Director Jeff Belford said the company is positioned to broaden its offering to enhance market share as well as explore opportunities to enter new markets outside the energy space.
19 April 2018•3 mins read
