HOUSTON, Feb. 10, 2016 /PRNewswire/ -- Intervale
Capital ("Intervale"), an energy-focused private equity firm, has
invested alongside a veteran management team to form Entegra, LLP
("Entegra"). Entegra provides in-line inspection
("ILI") services to the energy industry. The company currently
has engineering, R&D and ILI tool fabrication resources in
Toronto, Ontario with sales and
field operations based out of Houston,
Texas and Indianapolis,
Indiana. The company plans to expand its footprint to offer
pipeline inspection and integrity services in all active pipeline
markets in the United States and
Canada.
Mark Olson serves as Entegra's
President. He brings over 25 years of pipeline integrity
experience to the company, and leads a team of veteran engineering,
operations and sales professionals. Mark previously led the
team that formed Cornerstone Pipeline Inspection Group ("CPIG") in
2001, which quickly gained traction by pioneering an innovative
high resolution MFL/Caliper combo ILI tool, or "smart pig." CPIG
was ultimately acquired by Baker Hughes Incorporated in 2003.
Mr. Olson commented, "Given increasing customer demand for
accurate data, reduced report turnaround time and overall
reliability of ILI runs, the Entegra team is eager to again provide
inspection services with next generation tools and industry leading
service quality. We are already seeing inbound inquiries from
customers who know that their needs will be met by a proven team.
We're thrilled to partner with Intervale, and look forward to
working with them to accelerate Entegra's growth strategy."
Jason Turowsky, Partner at
Intervale, commented, "We are very excited to back a top-notch
management team with deep industry experience. Pipeline integrity
management is of great importance to the industry, the public and
the environment. Entegra offers best-in-class technology and
services to help pipeline operators achieve safe and optimal
operation of their pipeline assets."
Jason Arnoldy, Vice President at
Intervale, added, "By focusing on innovative ILI technology,
providing unmatched customer service and creating a culture of
operational excellence, Mark and his team have established an
outstanding reputation among pipeline operators over the course of
their careers. We are fully committed to supporting Entegra as
demand grows for its products and services."
About Entegra:
Entegra provides ILI services to the
energy industry, which includes operating a suite of ultra-high
resolution MFL/Caliper ILI tools in liquid and gas pipelines,
related field support, and expert data interpretation. By focusing
on hardware and software improvements, Entegra is able to obtain
and process higher resolution data than current state-of-the-art,
resulting in increased data clarity and accuracy of reporting for
its clients.
http://www.entegrasolutions.com
About Intervale Capital:
Intervale Capital is an
energy-focused private equity firm with offices in Houston and Boston. Intervale invests primarily in
middle-market energy services and manufacturing companies and
related technologies. The firm has raised $1.3 billion of committed capital since its
inception in 2006 and is currently investing from its third
fund.
Intervale portfolio companies include Tier 1 Energy Solutions
(wireline and completions in Canada), TEAM Oil Tools (completions equipment
and services), Aegis Chemical Solutions (oilfield chemicals, water
treatment and water transfer), Certus Energy Solutions (diversified
oilfield rental equipment), Antelope Oil Tool (casing and cementing
products) and Epic Lift Systems (artificial lift and compression),
among others.
http://www.intervalecapital.com
Contact:
Jason Arnoldy
Vice President
Intervale Capital
(281) 605-3900
jarnoldy@intervalecapital.com
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SOURCE Intervale Capital