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.