Intervale Capital (Intervale), an energy-focused private equity firm, has made a growth equity investment in Dynacorp Energy Services (Dynacorp).
Dynacorp provides innovative sand management solutions, well testing and production processing equipment to operators and service providers in the oil and gas industry.
Justin Morin, Dynacorp's co-founder and Chief Executive Officer, sought the investment as part of a broad recapitalisation of the company. Morin has served in numerous roles and leadership positions throughout the company since joining in 2002.
"Operators face growing sand management challenges, which are made more acute in today's tough industry environment,” says Morin. “Dynacorp offers innovative equipment and cost effective, full-service solutions to these challenges. We are excited to partner with Intervale, and look forward to working with them to accelerate our growth strategy across North America."
Patrick Connelly, Partner at Intervale, adds: "We are thrilled to partner with Justin and his entire team. With a differentiated approach, proprietary equipment and a strong customer service culture, we believe Dynacorp is well positioned to fulfill operators' needs."
