OFS Energy Fund has closed the sale of Conquest Completion Services LLC, a Fund III portfolio company. Alex Dempsey (CEO), Nathan Moore (COO), and other members of the Conquest management team will remain with the company post-transaction.
Simmons & Company International served as exclusive financial advisor and Locke Lord acted as legal counsel to Conquest in the transaction.
Houston-based OFS Energy Fund is a private equity firm that specializes in acquiring and recapitalizing lower middle-market energy service companies. OFS currently has more than $300 million of committed private equity capital under management across Fund II and Fund III.
Conquest Completion Services LLC provides coil tubing services and completion fluids to its customers in the west Texas, south Texas, and New Mexico oil and natural gas markets. Conquest was founded in 2014 and is based in Bossier City, Louisiana, with additional locations in Midland, Texas, and Pleasanton, Texas.