Rock Hill Capital Group, a Houston-based private equity firm, has closed on a majority recapitalization of Big Lake Services, a West-Texas oilfield services provider operating throughout the Permian Basin.
Big Lake, founded in 2006 by CEO Casey Davidson, provides maintenance, completion and workover services to exploration and production companies in West Texas. Since the company’s founding, management and key personnel have grown the business from three workover rigs to 22 currently.
Big Lake represents the second investment by Rock Hill’s second fund – Rock Hill Capital II LP.
Founded in 2008, Rock Hill Capital Group, LLC is a private equity firm that targets investments in growing middle to lower middle market companies with enterprise values up to $75 million. Currently, Rock Hill has over $100 million of committed capital under management through Rock Hill Capital I LP and Rock Hill Capital II LP.