OFS Energy Fund News

July 29, 2015

Wes Johnson Promoted To President of OFS Portfolio Company RDT

Houston – July 29, 2015 – Downhole drilling tool and OCTG manufacturer RDT announced the promotion of Wes Johnson from Chief Operating Officer to President. The announcement was made by the Company’s Board of Directors.

 

“Wes’s business vision and strategic plan have been invaluable in reacting to the industry downturn. We feel confident that under Wes’s leadership, RDT will be very well positioned to prosper as the market dynamics improve,” said RDT Chairman and OFS Managing Partner Bruce Ross.

 

“I am pleased to accept responsibility for RDT at this critical inflection point,” Johnson added, “I believe we have a solid portfolio of innovative products and services backed by a professional team of dedicated employees to service the market.”

 

Johnson joined RDT as COO in June and quickly expanded his management responsibilities to encompass all operational disciplines within the business. Prior to joining RDT, Johnson had 15 years of experience in oilfield manufacturing at various companies including BrederoShaw, Weatherford and Grant Prideco.

 

As President of RDT, Johnson will oversee all operational, sales and financial functions of RDT and its subsidiary companies.

 

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 RDT
Rotary Drilling Tools USA, LLC (“RDT” or the “Company”) manufactures, services and repairs downhole drilling tools and other OCTG products. Manufacturing is conducted at the Company’s headquarters in Beasley, TX, while additional service and repair facilities are located in Rifle, CO; Amelia, LA; Victoria, TX; Odessa, TX; Williston, ND; Evanston, WY; Mexico and Colombia.

 

OFS Energy Fund
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