GlobeLTR Energy Inc., a portfolio company of affiliates of Clearlake Capital Group LP, has closed the sale of its well servicing division to Brigade Energy Services LLC, a portfolio company of Turnbridge Capital Partners LLC and affiliates. Financial terms of the transaction were not disclosed.
“Clearlake is pleased with this important transaction and the strategic fit between Brigade and our well servicing division,” said GlobeLTR Chairman and Clearlake Co-Founder and Managing Partner José Feliciano. “This transaction facilitates GlobeLTR’s increased focus on its core midstream water logistics and pre-frac solutions, as well as power generation services for E&P clients operating in the Permian and other target basins.”
For more information, visit www.globeltrenergy.com or call (432) 218- 7888, or visit www.brigadeenergy.com or call (720) 531-1850.