Intervale Capital Acquires Advanced Composite
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Intervale Capital Acquires Advanced Composite

advanced nf1Antelope Oil Tool & Manufacturing Co., a portfolio company of Intervale Capital, has acquired Advanced Composite Standoff SRL and Advanced Composite Systems SRL (together Advanced Composites).

Advanced Composites is a manufacturer and supplier of composite centralizers, which are used to keep oil and gas casings in the center of a wellbore, and other composite products used primarily in downhole oilfield applications. The company’s manufacturing facility is located in Ravenna, Italy. It has additional offices in Aberdeen, Scotland and Lucerne, Switzerland (www.advancedcomps.com).

Antelope Oil Tool is a designer and manufacturer of patented casing and cementing products for the oil and gas sector. Antelope’s products include casing centralizers (tight tolerance, rigid, bow spring, welded-bow, tubing and non-weld) and related accessories including stop collars, wall scratchers, wall wipers and cement baskets. Intervale Capital acquired Antelope Oil Tool in June 2013.  The company was founded in 1961 and is based in Houston (www.antelopeoiltool.com).

nemeskal nf1“The addition of Advanced Composites builds upon Antelope’s ongoing efforts to become the leading cementation hardware solutions provider for operators drilling and completing wells in the toughest environments. Advanced Composites will further enhance Antelope’s strengths in offshore and other highly technical applications. Furthermore, partnering with Advanced Composites expands Antelope’s presence in Europe and the Eastern Hemisphere,” said David Nemeskal, Principal at Intervale.

Intervale Capital invests exclusively in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised $1.2 billion of committed capital since its inception in 2006 and is currently investing from its third fund. Intervale portfolio companies include Allied Oil & Gas Services (cementing and acidizing services), Team Oil Tools (completion tools), Aegis Chemical Solutions (production chemicals), Certus Energy Solutions (drill pipe and tubing rental) and Proserv Group (subsea equipment and services). The firm was founded in 2006 and is headquartered in Cambridge, MA with an additional office in Houston, TX (www.intervalecapital.com).

2014 PEPD • Private Equity’s Leading News Magazine • 7-15-14

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