Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Team Well Services, Inc., (TWS) headquartered in South Heart, North Dakota, by RockPile Energy Services, LLC (RockPile), headquartered in Denver, Colorado. The transaction closed on October 17, 2013.
TWS operates three work-over oil rigs and the Company provides a variety of oilfield services. Since 2003, the Company has supplied quality services at competitive rates, resulting in relationships with established blue-chip clients. RockPile is a hydraulic pressure pumping company based in Denver, Colorado, and focused on the Williston Basin of North Dakota and Montana. With extensive industry engineering expertise in design, execution and evaluation, the Company offers pressure pumping services in a safe, cost-effective manner. Managing Directors Stephen Crisham and Lori Galloway, together with affiliate David Lewis, led the Generational Equity deal team that advised TWS on the transaction. Managing Director Stephen Crisham stated, "The merger of TWS into an affiliate of RockPile should provide excellent growth potential for both parties. It provides vertical integration for RockPile and a tremendous growth opportunity for TWS."
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