Crestview, B-29 Form Endurance Lift Solutions, Committing $200M
November 10, 2014
Crestview Partners has formed a strategic relationship with B-29 Investments to form artificial lift platform Endurance Lift Solutions, planning to invest up to $200 million in the company's equity. According to a report, Crestview will pony up 80% of the sum, with B-29 supplying the remainder. Endurance will focus on building a platform offering production enhancement services across the life of oil & gas wells; it expects to announce its first acquisition in the coming weeks.