Houston, TX (March 2019) – Tally Energy Services announced today the acquisition of Epic Lift Systems, a portfolio company of Intervale Capital. The acquisition establishes Tally as a major provider of artificial lift services in the United States with extensive field service, applications engineering, product development, and manufacturing capabilities.
Headquartered in Fort Worth, TX, Epic Lift Systems is a leading provider of plunger lift, gas lift, and complementary compression solutions, serving hundreds of customers from 16 locations across the U.S.
“Our mission is to make better wells by delivering accurate wellbore placement, effective stimulation, and production optimization of the reservoir. Epic will be the cornerstone of the production aspect of our strategy. The Epic team’s intense focus on customer service, leading technical talent and capabilities in manufacturing will be a major differentiator as we offer solutions to increase production while lowering operating expenses.” said Chris Dorros, CEO of Tally Energy Services. “We are impressed with Epic’s track record and wish our new colleagues a very warm welcome.”
“We are uncompromisingly focused on delivering the most innovative and efficient lift solutions for our customers,” said David Nemeskal, CEO Epic. “We are excited to join Tally, integrate their hydraulic lift solutions into to our offering, and continue growing the business as part of a broader strategy. Our teams are highly compatible and share in our mission of making better wells for our clients.”
“We are proud to have partnered with Epic during the formative years of its development, and wish the entire team many years of continued success as they partner with Tally,” said Patrick Connelly, Partner at Intervale Capital.
PPHB Securities, LP served as exclusive financial advisor to Intervale Capital and Epic Lift Systems. Financial terms of the transaction were not disclosed.
About Tally Energy Services
Tally Energy Services is a private-equity sponsored oilfield services company focused on North America shale. With a buy-and-build strategy, the company seeks to partner with innovative companies in technical oilfield products and services with opportunities for growth, consolidation, and differentiation. Through strategic guidance, its pragmatic approach and operational expertise, Tally drives transformation that unlocks each company’s potential to make better wells for our clients. Tally Energy Services: www.tallyenergy.com
About Epic Lift Systems
Epic Lift Systems enhances oil and gas production by providing artificial lift solutions to E&P companies. Epic offers a suite of artificial lift solutions, including plunger lift, gas lift, and wellhead compression. Epic has extensive R&D capabilities, and the ability to manufacture or assemble 100% of its products in-house at its state-of-the-art manufacturing facility, located in Fort Worth.
The Company is headquartered in Fort Worth, Texas and has operations in Texas, Oklahoma, New Mexico, Louisiana, Colorado, Utah, Wyoming, Pennsylvania, Ohio, and West Virginia.
About Intervale Capital
Founded in 2006, Intervale Capital is a private equity firm focused on investing in and building energy and infrastructure services companies.
Company Name: Tally Energy
Contact Person: Dana Summers
Email: Send Email
Address:3104 Edloe Street, Suite 320
Country: United States