A. Lee Graham Reporter
An affiliate of private equity firm H.I.G. Capital LLC has made a strategic investment in Holland Services, a Fort Worth-based land services company focused on the energy sector. The investment amount was not disclosed. “We are very excited about this next stage for Holland,” said founder and CEO Robert Gaudin, commenting in a news release. “The investment from H.I.G. provides us with financial and operating resources that will enable us to further capitalize on our significant growth potential. This is an exciting time in our industry, and we look forward to working with H.I.G. given their knowledge of our industry and previous experience investing in the oilfield services sector,” Gaudin said. An H.I.G. official echoed that enthusiasm. “Robert and his team have built a best-in-class company, and have established true partnerships with a growing base of clients,” added Jeff Zanarini, a managing director of H.I.G. “Holland places its clients first and that focus will continue to be the key to Holland’s success. We believe there are numerous market opportunities, both in new basins and new ancillary services, and we look forward to supporting Holland in continuing to set new standards of excellence in the land advisory business,” Zanarini said. Financing for the transaction was provided by THL Credit. The investment in Holland marks the second time that THL and H.I.G. have partnered to invest in the oilfield services sector. Privately owned Holland Services helps oil and gas companies acquire, sell and develop land and mineral rights. More information is available at www.hollandservices.com