TriWest Capital Partners acquires a majority stake in Colter Energy
TriWest Capital Partners, a Calgary-based mid-market private equity firm, has acquired a majority position in Colter Energy Services Inc and Colter Production Testing Services Inc for an undisclosed sum. With headquarters in Okotoks, Alberta, the businesses together provide production testing equipment and services to the oil and gas industry in Western Canada and the Northern United States. Colter said the partnership with TriWest will help facilitate its strategic growth plans. The deal, which comes on the heels of TriWest's acquisition of Triple M Housing Ltd, is the third investment made to date by TriWest Capital Partners Fund IV, which was closed at $350 million in 2012.
29 November 2013•2 mins read
