New York-based private equity firm Hudson Ferry Capital has made an investment in Mason Dixon Energy, the largest provider of land services to oil and gas companies east of the Mississippi.
Mason Dixon Energy provides the following land services for its clients in the exploration and production, pipeline and electrical power distribution industries: acquisition of leases, surface rights and rights of way as well as related title research, title abstracting and title curative services.
The investment also marks the promotion of Asa Bowers, formerly vice president, to president of Mason Dixon Energy. In this role he will be responsible for the day-to-day operations of the company.
Greg Zerkel, founder, has assumed the role of chairman of the board where he will focus a significant portion of his time on business development and corporate growth opportunities.
The remainder of the management team at Mason Dixon Energy will continue in their existing roles.
"We were seeking a financial partner that could bring more than just capital to our company. The partners at Hudson Ferry Capital have a long track record of working with entrepreneurial companies and assisting them to achieve the next level of success," says Zerkel.
"We are privileged to have the opportunity to partner with this very talented management team. MDE is the premier provider of land services in its geographic region. We see substantial opportunities to both broaden its geographic reach as well as to increase MDE’s service offerings," adds Hudson Ferry Capital partner Timothy Ross.
