PillarFour Capital Announces Investment in Fluid Energy Group
December 20, 2016, Calgary, Alberta
PillarFour Capital (“PillarFour”), an energy focused private equity fund, is pleased to announce that it has made an investment in Fluid Energy Group Ltd. (“Fluid” or the “Company”). PillarFour is excited to be partnering with Fluid’s principals, senior management and board, who will retain a significant ownership in the Company.
Founded in 2011, Fluid is a global supplier of environmentally responsible, low-hazard and technically advanced completion and production chemical systems. Fluid has several proprietary blends of modified and synthetic acid systems with onshore and offshore applications to the oil and gas sector. The Company’s patented and patent pending product portfolio provides clients with safety orientated, technically advanced and highly effective alternatives to traditional harsh chemistry, such as hydrochloric acid.
“We are excited to be partnering and providing growth capital to Fluid” said Mick McNulty, Managing Partner at PillarFour. “We look forward to working with the Fluid team to expand its operations and global presence.”
Clay Purdy, Chief Executive Officer of Fluid commented, “We are pleased to welcome the PillarFour team as investors and are confident that their partnership will provide great benefit to our clients, employees and shareholders alike. They will be integral to the continued success of our Company as we expand our business locally and internationally.”
About PillarFour Capital
PillarFour is a global private equity fund with offices in Calgary and London, UK. PillarFour is focused on investing in private, oilfield service companies that have a differentiated business model and a sustainable competitive advantage through innovation. Our investment team is made up of dedicated energy professionals, offering our investee companies decades of operational, financial, strategic planning and capital markets expertise. We partner with high quality management teams, putting in place strategies that maximize value creation by emphasizing operational excellence and prudent governance. www.pillarfourcapital.com
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