|By PR Newswire||
|December 11, 2013 06:00 AM EST|
CAMBRIDGE, Mass., Dec. 11, 2013 /PRNewswire/ -- Intervale Capital ("Intervale"), an energy-focused private equity firm, is pleased to announce the promotion of Tuan Tran to Principal. In this new role, Tuan will focus on transaction sourcing and execution and portfolio company oversight.
Tuan joined Intervale in 2006 as an Associate, and has been investing exclusively in the oilfield services industry since 2005. Over the past eight years, Tuan has lead several transactions, and played a key role in Intervale's recent acquisition of Antelope Oil Tool & Manufacturing Co., LLC ("Antelope"). Tuan currently serves on the Boards of Directors of Antelope, Proserv Group Inc., and Benchmark Completions, LLC.
Commenting on the promotion, Intervale's founder and Managing Partner Charles Cherington said, "Tuan is a tremendous asset to Intervale in the areas of deal execution and portfolio management. We're pleased to announce that Tuan will be moving on to the next phase of his career at Intervale as a Principal."
Prior to the formation of Intervale in 2006, Tuan was an associate at Cherington Capital, a private equity firm focused on the oilfield services industry. He started his professional career in Lehman Brothers' Investment Banking Division, where he spent time in New York, Tokyo and Hong Kong. Tuan received his B.A. in Government, with honors, from Harvard College.
About Intervale Capital:
Intervale Capital is an energy-focused private equity firm with offices in Boston and Houston. Intervale invests exclusively in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised over $650 million of committed capital since its inception in 2006 and is currently investing from its second fund.
Intervale portfolio companies include Aegis Chemical Solutions (production chemicals), Allied Oil & Gas Services (cementing and acidizing services), Antelope Oil Tools (casing and cementation hardware), Benchmark Completions (casing accessories), Certus Energy Solutions (drill pipe and tubing rental), Proserv Group (subsea equipment and services) and Team Oil Tools (completion tools).
Chief Financial Officer
SOURCE Intervale Capital