Intervale Achieves First Exit from Fund I with Casedhole Sale
June 08, 2012
Intervale Capital, a PE firm focused on the oilfield industry, has sold Casedhole Solutions to C&J Energy Services (NYSE: CJES) in the first exit from the firm’s Fund I, which closed in 2008. Casedhole provides cased-hole wireline and an array of other services for energy producers, including logging, perforating, pressure testing and pipe recovery. Under ownership of Intervale since 2008, Casedhole has grown at a 52% CAGR and boosted TTM revenue from $32.4 million in June 2008 to $156.8 million in March 2012.