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


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...