OFS Energy Fund News

December 27, 2013

OFS Energy Fund acquires majority ownership interest in Bold Production Services, LLC.

Houston, TX December 27, 2013 – OFS Energy Fund (“OFS”) has closed on an initial $5 million investment in Houston-based Bold Production Services, LLC (“Bold”) for a majority ownership interest in the newly formed oilfield services company.  Bold is led by industry veterans Glen Wind, former CEO of Zephyr Gas Services, and Blake Maywald, former manager of flowback services for GasFrac Energy Services.

Bold provides flowback and early production equipment to oil and gas operators and other oilfield service companies.  Bold also provides support services including mobilization and de-mobilization, maintenance, monitoring and consulting services.  The management team and OFS believe that growth opportunities exist in other products, services and across all major shale provinces.

“We have previously partnered with Glen and we’re excited about partnering with him again, as he has a demonstrable track record of success,” said Bruce Ross, Managing Partner of OFS.  “We see tremendous expansion opportunities for Bold and we expect to support the company’s growth with additional capital in the future.”
 
“I have seen firsthand the value that a group like OFS can add,” Wind said. “OFS has great industry experience, relationships and access to additional capital which will prove to be valuable going forward as we expand the business.”

About OFS Energy Fund
Houston-based OFS Energy Fund (“OFS”) is one of the few professionally managed private equity firms that specialize in acquiring and recapitalizing lower middle-market energy service companies. OFS seeks to provide capital to business owners including buyouts, recapitalizations and growth equity investments. The Fund supports the development of management, appropriate governance, professionalization of reporting and tracking of operating metrics. Additionally, OFS lends industry relationships, ideas for operational improvement and support in developing strategic growth plans and initiatives.

About Bold Production Services
Bold Production Services is a newly formed oilfield services business initially focused on providing highly engineered flowback and early production equipment to oil and gas operators and other service businesses.  Bold, based in Houston, is a partnership between OFS Energy Fund and Bold’s CEO, Glen Wind, former CEO of Zephyr Gas Services.  For more information about Bold, please visit www.bps-llc.com.

OFS Energy Fund
6363 Woodway Drive, Suite 900

Houston TX 77057
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Main Number: (713) 580-2727