OFS Energy Fund News

October 21, 2013

OFS Energy Fund Invests Growth Equity in Davis Chemical Services

Houston – October 21, 2013 – OFS Energy Fund (“OFS”) recently invested convertible preferred growth equity in Davis Chemical Services, LLC (“DCS”) in order to strengthen DCS’s balance sheet as it expands its service offerings into electric wireline services. Jim L. Davis, the founder and CEO of DCS, rolled all of his equity investment in DCS and will remain in his role as CEO going forward. DCS has also recently hired a management team to lead the charge into wireline services.

“We are excited to have the opportunity to partner with someone like Jim, who has a demonstrated track record of successfully growing well service businesses in the Texas and Louisiana markets,” said Bruce Ross, Managing Partner of OFS. “We believe that the underlying market will provide ample demand to support DCS’s growth in the coming years.”

“Having partnered with private equity funds in previous companies, I see the value that a group like OFS can add. What sets OFS apart is their industry experience and relationships, which have already begun to present us with new strategic opportunities,” Davis said. “With OFS’s capital infusion, we’re ready to aggressively answer customer demand as we grow the business into new service lines.”

About OFS
Houston-based OFS Energy Fund is one of the few professionally managed private equity firms that specializes 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 Davis Chemical Services
Davis Chemical Services is a Texas-based well service company providing pumping services, well service rigs, tank rental and completion chemical sales to the Texas and Louisiana oilfields. Davis Chemical Services is headquartered in Marshall, Texas, and has an additional yard in Nixon, Texas.

OFS Energy Fund
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