Excellere Partner has made an investment in Integrated Petroleum Technologies (“IPT”), a provider of oil and natural gas engineering consulting services. “We elected to partner with Excellere given its proprietary value creation tools and processes that we will leverage to help accelerate our growth and solidify our position as the premier provider of outsourced oil and natural gas engineering consulting services,” said Billy Aud, chief executive officer and co-founder of Integrated Petroleum Technologies.
“We are excited to partner with an industry leader that maintains deep technical expertise and a stable of experienced engineers supporting their customers to optimize productivity,” said David Kessenich, managing partner at Excellere. “Unconventional drilling methods have become increasingly prevalent as exploration and production companies seek to unlock the value of natural resources contained in shale plays, tight formations and other difficult to reach locations. As the market continues to evolve, we believe that IPT’s comprehensive solutions, long-term operating experience and unmatched expertise in hydraulic fracturing positions the company to continue enhancing its market leadership position.”
IPT is an oil and natural gas engineering consulting services firm specializing in the integration of modern reservoir engineering, hydraulic fracture stimulation and well completion. The company was founded in 1991 and is based in Lakewood, CO (www.iptengineers.com).
“Since our founding, we have strived to develop industry leading technical capabilities that enable our clients to maximize the value of their underlying oil and gas reserves. Excellere’s successful track record and experience supporting entrepreneurs with aggressive growth strategies focusing on the customer will prove invaluable as we seek to further enhance our service offerings, expand our capabilities and enter new markets,” said Mr. Aud.
Excellere Partners invests in middle-market companies with revenues ranging from $20 million to $150 million. Sectors of interest include healthcare; specialty foods; industrial technology and services; business services; and education and training. The firm has $737 million of capital under management and is based in Denver, CO (www.excellerepartners.com).