Denver-based private equity firm Excellere Partners has backed Integrated Petroleum Technologies, a provider of oil and natural gas engineering consulting services. Founded in 1991 and headquartered in Lakewood, Colo., IPT specializes in the integration of modern oil and natural gas reservoir engineering, hydraulic fracture stimulation and well completion technologies to optimize the production of wells for its customers.
Excellere Partners, a Denver-based private equity firm focused on partnering with middle-market entrepreneurs and management teams, announced today it has expanded its investment portfolio through its strategic investment in Integrated Petroleum Technologies, Inc. (“IPT”), a leading provider of oil and natural gas engineering consulting services. IPT will use the capital, proprietary tools and resources provided by Excellere to grow the scope and reach of its service offerings through organic growth initiatives as well as selective, strategic acquisitions.
Founded in 1991 and headquartered in Lakewood, Colo., IPT specializes in the integration of modern oil and natural gas reservoir engineering, hydraulic fracture stimulation and well completion technologies to optimize the production of wells for its customers. The company, which deploys nearly fifty engineers, is led by some of the foremost experts in hydraulic fracturing and leverages its experience to more than 50,000 wells throughout the U.S.
IPT’s expertise in hydraulic fracturing has enabled the company to forge deep relationships with many of the leading exploration and production companies in the nation. The company’s fully integrated solution allows it to couple each of its disciplines to provide clients with a holistic solution that enhances the overall interpretation, recommendation and well production for each engagement. To date, IPT has served more than 100 customers in every major shale play in the U.S., along with some select international locations.
“We elected to partner with Excellere given its proprietary value creation tools and processes that we will leverage to help accelerate our growth and solidify our position as the premier provider of outsourced oil and natural gas engineering consulting services,” said Billy Aud, chief executive officer and co-founder of IPT.
“Since our founding, we have strived to develop industry leading technical capabilities that enable our clients to maximize the value of their underlying oil and gas reserves. Excellere’s successful track record and experience supporting entrepreneurs with aggressive growth strategies focusing on the customer will prove invaluable as we seek to further enhance our service offerings, expand our capabilities and enter new markets,” Aud added.
“We are excited to partner with an industry leader that maintains deep technical expertise and a stable of experienced engineers supporting their customers to optimize productivity,” stated David Kessenich, managing partner at Excellere. “Unconventional drilling methods have become increasingly prevalent as exploration and production companies seek to unlock the value of natural resources contained in shale plays, tight formations and other difficult to reach locations. As the market continues to evolve, we believe that IPT’s comprehensive solutions, long-term operating experience and unmatched expertise in hydraulic fracturing positions the company to continue enhancing its market leadership position.”
About Integrated Petroleum Technologies, Inc.
Lakewood, Colo. based IPT is an oil and natural gas engineering consulting services firm specializing in the integration of modern reservoir engineering, hydraulic fracture stimulation and well completion. The company is comprised of practicing petroleum engineers with extensive operator and service company experience throughout the U.S. and in select international markets. More information can be found at www.iptengineers.com.
About Excellere Partners
Excellere Partners is a Denver-based middle-market private equity firm with $737 million of capital under management. The firm specializes in partnering with entrepreneurs and management teams through majority recapitalizations and management buyouts. Excellere employs a buy-and-build strategy that provides its portfolio companies with capital as well as a proprietary value creation system designed to accelerate growth while enhancing corporate infrastructure. Investments are focused on companies within the following industries: healthcare; specialty foods; industrial technology and services; business services; and education and training. Excellere’s current investments include Anesthesia Medical Group, AxelaCare Health Solutions, ASI Government, Flavours, Inc., Integrated Petroleum Technologies, Medtech College, Personable Insurance and U.S. Water Services. Recent successful exits completed by the firm include Advanced Pain Management, MedExpress and MTS Medication Technologies.