EIV Capital said Oct. 12 that it has completed a $20 million investment in Gazelle Transportation. Bakersfield, California-based Gazelle is is an oilfield midstream service provider.
HOUSTON, TX–(Marketwired – Oct 12, 2016) – EIV Capital is pleased to announce the completion of its $20 million investment commitment to Gazelle Transportation, a crude oil transportation and fluid management logistics company. EIV’s investment will support the company’s growth as it continues providing first-class transportation and logistics service to its customer base.
Gazelle is an oilfield midstream service provider based in Bakersfield, California focused on crude oil transportation and fluid management within the California oil producing region. The crude oil transportation division provides safe, reliable transportation services to a variety of customers throughout California. The fluid management division provides an integrated services offering to its customers, including water hauling, waste hauling and portable storage tank rentals. Gazelle has an industry-leading safety record and a longstanding reputation for fostering a culture focused on world-class service and safe, environmentally-conscious performance.
“We are thrilled to have EIV as a partner to support Gazelle’s vision of furthering its status as an industry leader in crude oil transportation and fluid management services. Securing a knowledgeable partner like EIV at this point in the cycle is a testament to the quality of our team, our staying power and the passion we share to be the very best, while delivering incident free service to the energy industry,” said Ron Lallo, Chief Executive Officer and President of Gazelle.
“We are excited to announce our partnership with Gazelle and look forward to supporting the company as it continues to grow,” stated Jenny Gottschalk, Partner at EIV Capital. “Gazelle’s reputation for being a socially, environmentally and safety conscious company positions it well to expand operations and continue providing world-class customer service.”
About Gazelle Transportation
Gazelle Transportation recently celebrated 24 years in business. The company is recognized as an industry leader, providing safe, reliable and competitively priced services to the oil and gas industry. Gazelle supplies its drivers with quality equipment and advanced technology to ensure safety and maximize productivity. For more information, visit http://gazelletrans.com.
About EIV Capital
Founded in 2009, EIV Capital is a Houston, TX-based private equity firm specializing in providing growth equity to the energy industry. The firm’s management has extensive experience leading and investing in successful companies across the energy value chain with a focus on midstream infrastructure and related services. For more information, visit www.eivcapital.com.