Yellow Point Equity Partners said Friday that it has completed its buy of Bravo Oilfield Safety Services. No financial terms were disclosed. Bravo is a provider of safety solutions to the Canadian oil and gas sector.
April 4 – Yellow Point Equity Partners III LP (“Yellow Point”) announced today the closing of the acquisition of Bravo Oilfield Safety Services (“Bravo”).
Bravo is an integrated provider of safety solutions to the Canadian oil and gas industry. The company’s services include fire suppression, mobile medical treatment centres, H2S gas detection, well control, and various related safety services and equipment. Bravo operates from six locations throughout the Western Canadian Sedimentary Basin and its customers include Canada’s leading blue-chip energy players. Bravo is well positioned to take advantage of the anticipated escalation in drilling of key resource plays and to benefit from the increasing focus on safety by customers and their regulators.
Yellow Point partnered with several members of Bravo’s senior management team in the acquisition.
Co-investor Ray Brausen will remain in his role as President of the business, and will continue to lead the company alongside new CEO and co-investor Harvey Schott. “I am excited to be partnering with Yellow Point and moving into the next phase of Bravo’s growth”, said Ray. “Demand for safety services continues to increase and with Yellow Point’s capital and support we’ll be able to enhance and expand the services we provide for our customers. In addition, Harvey makes a welcome addition to the team and will supplement our existing capabilities.”
David Chapman, Managing Partner of Yellow Point added “Bravo has grown to become a leading safety service provider due to its experienced management team and track record of providing highly responsive and reliable services. We believe this foundation gives Bravo significant upside potential and look forward to working with Ray, Harvey and the rest of the company’s management team to realize that potential.”
About Yellow Point
Yellow Point Equity Partners is a private equity investment firm with significant operating and investment experience. It invests in outstanding management teams of later-stage growth companies based primarily in western Canada and aims to be the long-term partner of choice for Canada’s leading mid-market companies.
For more information, please contact David Chapman at (604) 659-1894, Tyler Smyrski at (604) 659-1898, or visit www.ypoint.ca.