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Monday, March 8, 2021

Fort Worth-based oilfield compression solutions company sold

Houston-based Intervale Capital on April 4 announced the sale of Epic Lift Systems, a portfolio company of Intervale Fund II, to Tally Energy Services. Headquartered in Fort Worth, Epic Lift Systems is a leading provider of plunger lift, gas lift and complementary compression solutions, serving hundreds of customers from 16 locations across the U.S.

“We are proud to have partnered with Epic and its leadership team during the formative years of its development, and wish the entire team many years of continued success as they partner with Tally,” said Patrick Connelly, partner at Intervale Capital.

PPHB Securities LP served as financial advisor to Intervale Capital and Epic Lift Systems and McGuireWoods LLP provided legal counsel. Financial terms of the transaction were not disclosed.

Founded in 2006, Intervale Capital is a private equity firm focused on investing in and building energy and infrastructure services companies.

Epic Lift Systems enhances oil and gas production by providing artificial lift solutions to E&P companies. Epic offers a suite of artificial lift solutions, including plunger lift, gas lift, and wellhead compression. Epic has extensive R&D capabilities, and the ability to manufacture or assemble 100% of its products in-house at its state-of-the-art manufacturing facility, located in Fort Worth. The company has operations across Texas, Oklahoma, New Mexico, Arkansas, Louisiana, Colorado, Utah, Wyoming, Pennsylvania, Ohio and West Virginia.

Epic Lift Systems: www.epiclift.com

Tally Energy Services is a private-equity sponsored oilfield services company focused on North America shale. Tally Energy Services: www.tallyenergy.com

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