Creedence Energy Services has been recapitalized by Tower Arch Capital
Creedence Energy Services, LLC (“Creedence”)
Founded in 2014, Creedence is a leading provider of oilfield production chemicals, acidizing, and other oil field services in the Bakken and Permian basins. The company services oil wells, and saltwater disposal wells, throughout their lifecycle, providing a comprehensive chemical solution.
Tower Arch Capital (“Tower Arch”)
Headquartered in Salt Lake City, UT, Tower Arch Capital is a lower-middle market private equity firm. Tower Arch seeks to partner with and grow high-quality family and entrepreneur-owned companies to deliver long-term value for their management teams and investors. Tower Arch brings operational, consulting, and financial expertise to small companies to help them improve their operations, scale, and grow. Target investments include control positions in entrepreneur and family-owned businesses with revenue between $20 million and $150 million or EBITDA between $5 million and $25 million.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.