Hastings Equity Partners acquires Hybrid Tool Solutions

Hastings Equity Partners, a private equity firm focused on investing in lower middle market energy services and equipment companies,has made its fourth Fund III platform investment in Hybrid Tool Solutions LLC.

Headquartered in Lindsay, Oklahoma, Hybrid provides its customers with a patent pending process for conducting frac plug drill outs. Hybrid is active in the Marcellus and Utica shale plays and in the US Mid-Continent.

Financing for Hybrid was provided by Cadence Bank, and advisory services were provided by ADI Analytics LLC, Sheffield, Trackwell, and Rapp LLC, and Locke Lord LLP.  

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