Tally Energy Services, a private equity backed firm with a buy and build strategy in specialized North American shale products and services, recently launched its operations in Houston, Texas. With sponsorship from RedBird Capital Partners and Sallyport Investments, Tally Energy Services raised over $130 million of capital commitments with additional equity available for larger acquisitions. Tally is principally focused on directional drilling, completion equipment, and artificial lift.
Led by CEO Chris Dorros, the firm recently completed two Texas-based acquisitions: Terra Directional Services, a full-service directional drilling company specializing in horizontal wells for shale projects throughout the United States, and Tech-Flo Consulting, a worldwide supplier of hydraulic lift systems.
Douglas L. Foshee joins Tally Energy Services as chairman of the board. As founder and owner of Sallyport Investments LLC, Foshee has more than thirty years in the energy industry. He is the former chairman, president, and CEO of El Paso Corp.
Founded in 2013, RedBird Capital Partners is a principal investment firm focused on transformational growth equity investments in partnership with entrepreneurs and family owned businesses.
Founded in 2012, Sallyport Investments provides capital and leadership to companies in the upstream, midstream, and service sectors of the energy industry.