Riata Capital Group LLC, a Dallas, Texas-based private investment firm, has formed a partnership with Brad Goebel and David Zachariah to pursue investments in production-related energy services businesses, with an emphasis on sourcing opportunities in production equipment, production enhancement services, and water handling and disposal equipment and systems.
Goebel and Zachariah are energy services executives, each with more than 35 years of leadership experience in the sector. Prior to forming their partnership with Riata, Goebel and Zachariah served as CEO and COO, respectively, of Accelerated Companies, teaming with Riata Managing Partner Barron Fletcher to build the business from $20 million to $430 million in enterprise value prior to its sale to Dover Corp. in October 2014. Prior to Accelerated, Goebel and Zachariah built Applied Process Solutions Inc. and Petreco International Inc., ultimately selling to Hanover Compressor Co. and Cameron International Inc., respectively.
Riata Partner Glenn Askew will be actively involved with directing and supporting the strategy alongside Goebel and Zachariah.