Horsley Named a Partner at Intervale Capital

Intervale Capital said Wednesday that it has promoted Erich Horsley to partner. He will be involved in deal sourcing and execution, portfolio company oversight and interacting with LPs. Horsley joined Intervale in 2006 as a principal.

PRESS RELEASE

Intervale Capital (“Intervale”), an energy-focused middle-market private equity firm, announces the promotion of Erich Horsley to Partner.

In his new role, Erich will be actively involved in deal sourcing and execution, portfolio company oversight and interaction with the firm’s limited partners.  He will also join Intervale’s Investment Committee alongside Managing Partners Charles Cherington and Curtis Huff.

Commenting on the promotion, Charles Cherington said, “We are very pleased to promote Erich.  He has made a significant contribution to the success of our firm and will play an instrumental role in Intervale’s next fund.  Erich’s promotion reflects our commitment to developing our organization and hiring experienced investment professionals to serve our limited partners.”

Erich joined Intervale in October 2006 as a Principal focused on investments in the oilfield services sector.  As Principal, Erich played the lead role in several transactions including the investment in Casedhole Solutions, the acquisition of United Diamond by Ulterra Holdings, the acquisition of Hydrafit Subsea by Galathea Group Inc. and the recent combination of Proserv Group AS and Galathea to form Proserv Group Inc.  Erich will continue to serve on the boards of Ulterra, Casedhole, Proserv and Team Oil Tools.

Erich has thirteen years of experience as a private equity investor, including as a Principal at Watermill Ventures, a middle-market firm located in Boston.  He started his investment career as a Financial Analyst at Morgan Stanley & Co. in Frankfurt and New York.  Erich holds an M.B.A. from Harvard Business School and a B.A. in Psychology and English from Harvard College.

About Intervale Capital:

Intervale Capital is an energy-focused private equity firm, with headquarters in Cambridge, Massachusetts, and an office in Houston, Texas, investing exclusively in middle-market oilfield services companies and related technologies.  Intervale’s Fund I closed in 2008 with $280 million in commitments.