Post Oak Energy Capital Leads $50 Million Capital Commitment to Prime Downhole Holdings, LLC
Summary
The senior management team of Prime, led by CEO Leif Syversen, has a track record of building oilfield manufacturing companies and creating significant value for stakeholders. Prior to forming Prime, Syversen and members of his team were involved in building two oilfield equipment manufacturing companies, BasinTek and Dyna-Drill. “Our team is skilled at building value through a combination of aggressive organic growth and adding strategic acquisitions that fit our manufacturing profile." The firm pursues private investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oilfield service and related infrastructure. Post Oak works in close partnership with operating management teams to build businesses, accelerate growth and enhance shareholder value.