OFS closes $5M investment in Bold Production Services

OFS Energy Fund

OFS Energy Fund has closed on an initial $5 million investment in Houston-based Bold Production Services LLC for a majority ownership interest in the newly formed oilfield services company. Bold is led by Glen Wind, former CEO of Zephyr Gas Services, and Blake Maywald, former manager of flowback services for GasFrac Energy Services.

Bold provides flowback and early production equipment to oil and gas operators and other oilfield service companies. Bold also provides support services including mobilization and de-mobilization, maintenance, monitoring and consulting services. The management team and OFS believe that growth opportunities exist in other products, services and across all major shale provinces.

Houston-based OFS Energy Fund is a professionally managed private equity firm that specializes in acquiring and recapitalizing lower middle-market energy service companies.



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...