Corinthian Capital Group has acquired Sierra Engineering, an engineering and consulting services provider to the oil and gas industry. ORIX Mezzanine & Private Equity made a minority equity investment in the company, as did Sierra senior management. Based in Midland, TX, Sierra specializes in wellbore-construction management, drilling-completion engineering, fracture treatment design and execution, and workover design. Corinthian will look to expand and grow the company domestically as well as abroad. The acquisition marks the firm's second investment in the engineering and consulting services sector within the oil and gas industry, after investing in Hamilton Engineering earlier this year.
