Mason Dixon Energy, a Bridgeport, West Va.-based provider of land services to oil and gas companies east of the Mississippi River, has raised an undisclosed amount of private equity funding from Hudson Ferry Capital.
Hudson Ferry Capital is pleased to announce that it has made an investment in Mason Dixon Energy (MDE). MDE (www.mdenergy.com), with headquarters in Bridgeport, WV, is the largest provider of land services to oil and gas companies east of the Mississippi. MDE provides the following land services for its clients in the exploration and production, pipeline and electrical power distribution industries: acquisition of leases, surface rights and rights of way as well as related title research, title abstracting and title curative services.
The investment also marks the promotion of Asa Bowers, formerly Vice President, to President of MDE. In this role he will be responsible for the day-to-day operations of the company. Greg Zerkel, founder, has assumed the role of Chairman of the Board where he will focus a significant portion of his time on business development and corporate growth opportunities. The remainder of the management team at MDE will continue in their existing roles.
“We were seeking a financial partner that could bring more than just capital to our company. The partners at Hudson Ferry Capital have a long track record of working with entrepreneurial companies and assisting them to achieve the next level of success,” said Mr. Zerkel, Chairman of the Board.
“We are privileged to have the opportunity to partner with this very talented management team. MDE is the premier provider of land services in its geographic region. We see substantial opportunities to both broaden its geographic reach as well as to increase MDE’s service offerings,” said HFC Partner Timothy Ross.
About Hudson Ferry Capital
Hudson Ferry Capital (www.hudsonferry.com) is a New York-based private equity firm that specializes in investing in lower middle market companies. The firm partners with entrepreneurial owners and managers of established privately-owned companies that are differentiated through product or process innovation. The principals of Hudson Ferry have invested in 28 companies that participate in industries such as: building products, janitorial and sanitary supply, niche manufacturing, business services and outsourcing. As a trusted financial partner, Hudson Ferry can provide liquidity to current owners, provide capital to execute a growth strategy, and assist in transitioning an organization from a smaller or regional family-owned business into a larger, integrated enterprise.