Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs and management teams, has expanded its investment portfolio through its investment in Integrated Petroleum Technologies, a provider of oil and natural gas engineering consulting services.
IPT will use the capital, proprietary tools and resources provided by Excellere to grow the scope and reach of its service offerings through organic growth initiatives as well as selective, strategic acquisitions.
Founded in 1991 and headquartered in Lakewood, Colorado, IPT specialises in the integration of modern oil and natural gas reservoir engineering, hydraulic fracture stimulation and well completion technologies to optimise the production of wells for its customers.
“We elected to partner with Excellere given its proprietary value creation tools and processes that we will leverage to help accelerate our growth and solidify our position as the premier provider of outsourced oil and natural gas engineering consulting services,” says Billy Aud, chief executive officer and co-founder of IPT.
“We are excited to partner with an industry leader that maintains deep technical expertise and a stable of experienced engineers supporting their customers to optimize productivity,” says David Kessenich, managing partner at Excellere. “Unconventional drilling methods have become increasingly prevalent as exploration and production companies seek to unlock the value of natural resources contained in shale plays, tight formations and other difficult to reach locations. As the market continues to evolve, we believe that IPT’s comprehensive solutions, long-term operating experience and unmatched expertise in hydraulic fracturing positions the company to continue enhancing its market leadership position.”
