Duncan, Oklahoma June 15, 2016 – The Silverfern Group, a leader in non-traditional global direct investment, today announced that it has invested in Silverfern portfolio company O-Tex Holdings’ follow-on acquisition of the cementing assets of the Sanjel Corporation out of bankruptcy.
The acquisition of the Sanjel cementing assets increased the O-Tex cementing fleet by over 80%, ensuring O-Tex remains the largest independent provider of cementing services to the U.S. onshore oil and gas industry, in addition to positioning the Company well ahead of the expected eventual recovery in U.S. oil prices and drilling activity.
Following completion of the investment, Silverfern Co-Managing Partner Clive Holmes said: “Silverfern is pleased to continue its strong support for O-Tex and its world-class management team. Consistent with our non-traditional investment strategy of employing conservative financial leverage in cyclical industries, O-Tex’s clean balance sheet has enabled management to focus on driving efficiency in its operations in the face of a weak macro environment, and to capitalize when competitors are unable to stay the distance.”
The O-Tex investment represents Silverfern’s third follow-on investment and seventh global investment in the past 18 months.
O-Tex Pumping is the largest independent provider of cementing services to the U.S. onshore oil and gas industry, providing unrivaled primary and secondary cementing and specialty pumping services throughout most major U.S. shales. O-Tex’s state-of-the-art operations feature dual-fuel equipment and fleets along with innovative research and development. The staff at O-Tex Pumping is dedicated to putting “customer service” back into the customer experience while making safety and environmental responsibilities their top priorities. For more information, visit the Company’s website at www.otexpumping.com
Founded in 2001, Silverfern is one of the largest and most successful family office investment clubs in the world. Silverfern invests on behalf of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global exclusive partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes non-traditional, direct, co-control and minority investments in middle market private equity and real estate investment opportunities globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments. Silverfern is amongst the few woman-owned, truly global middle-market, multi-asset-class, investment management firms in the world today, with resources akin to those of a strategic, local investor.
Additional information is available at www.silfern.com