OFS Energy Fund News

June 20, 2017

OFS Energy Fund Invests in Integrity Gas Services

Houston, Texas – June 20, 2017 – OFS Energy Fund, LLC (“OFS”) is pleased to announce that it recently closed on a majority investment in Integrity Gas Services, LLC (“Integrity” or the “Company”), which offers nitrogen services to the upstream, midstream, and downstream markets. Concurrent with OFS’s investment, Integrity purchased a suite of nitrogen assets, including seven nitrogen pumps, nine nitrogen transports, two nitrogen storage tanks, and various ancillary equipment.

 

Based in Houston, Texas, with operations focused in West Texas, the Scoop and Stack in Oklahoma, and the North East, Integrity was founded in late 2016 to focus on completion and drilling focused nitrogen services. Shortly thereafter, the Company was presented with opportunities to expand into the midstream and downstream markets. The additional suite of nitrogen assets purchased, concurrent with OFS’s investment, supplements Integrity’s existing fleet of nitrogen assets, allowing the Company to continue to provide superior service to its existing upstream customers and expand its service focus to include the midstream and downstream segments of the market.

 

“OFS Energy Fund is excited to partner with Integrity Gas Services and provide capital to expand the asset base,” said Bruce Ross, OFS Managing Partner. “Integrity is positioned to continue its growth in the nitrogen services market and build relationships across all three energy verticals.”

 

“We are excited to partner with the OFS team as Integrity executes its growth plan,” said Stephen Robertson, Integrity President. “OFS’s deep industry experience, relationships, and continued financial support will be integral to Integrity’s growth and long-term success.”

 

About OFS Energy Fund

Houston-based OFS Energy Fund is a private equity firm that specializes in acquiring and recapitalizing lower middle-market energy service companies. OFS seeks to provide capital to business owners in the form of buyouts, recapitalizations and growth equity investments. The Fund supports the development of management, appropriate governance, professionalization of reporting and tracking of operating metrics. OFS currently has in excess of $300 million of committed private equity capital under management across its Fund II and Fund III. Additionally, OFS lends industry relationships, ideas for operational improvement and support in developing strategic growth plans and initiatives. For more information please visit www.ofsfund.com.

OFS Energy Fund
6363 Woodway Drive, Suite 900

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