TriWest Capital Partners Announces Investment in Colter Energy
November 28, 2013 – TriWest Capital Partners, in partnership with senior management, is pleased to announce that it has acquired a majority interest in the business and assets of Colter Energy Services Inc. and Colter Production Testing Services Inc. (together, “Colter Energy”). This investment represents TriWest’s third portfolio company in Fund IV.
Colter Energy is a leading provider of production testing equipment and services to the oil and gas industry in Western Canada and the Northern United States. Colter Energy specializes in providing flow back, production testing, workovers and completion operations on all well types, from high pressure critical sour wells to low pressure sweet wells. The company has a highly skilled operations team with extensive experience in the production testing services industry. Colter Energy is headquartered in Okotoks, AB, and has field offices in Alberta and North Dakota.
“Colter Energy has all of the attributes TriWest looks for in a partnership, including exceptional management, operational excellence and an intriguing growth profile,” said Senior Managing Director, Mick MacBean.
Colter Energy President & CEO, Clay Bradley, commented, “We are very excited to partner with TriWest and their experienced management team to help facilitate our strategic growth plans.”
Founded in 1998, TriWest is one of Canada’s leading private equity firms. Having raised over $775 million of committed capital, we are entrepreneurial, independent and based in Western Canada.