TriWest Capital invests in proppant supplier Source Energy Services
Canadian mid-market private equity firm TriWest Capital Partners has made an undisclosed investment in Source Energy Services (SES), a Calgary-based specialist in proppant sourcing and oilfield logistics. The deal, which was done in partnership with the company's existing shareholders and senior managers, will support the development of SES proppant distribution network, which delivers Wisconsin sand to the Western Canadian Sedimentary Basin and other basins. The SES investment follows TriWest's acquisition of Triple M Housing, and its acquisition of Colter Energy, and is the fourth investment made to date by TriWest Capital Partners Fund IV, which was closed last year at $350 million.
6 December 2013•3 mins read
