Rock Hill Capital Invests in Park Energy Services
HOUSTON — (February 19, 2014) — Rock Hill Capital Group (Rock Hill) has announced its investment in Oklahoma City-based Park Energy Services, LLC (Park Energy), Park Energy was formed to acquire and operate a fleet of Sertco compressors servicing the domestic oil and natural gas production industry. Park Energy, through its predecessor company, High Sierra Sertco, LLC, has a unique supplier relationship with Sertco, a company with over 30 years of manufacturing experience and 15 years in the natural gas compression business.
Park Energy is led by Jonathan Mitchell, Chief Executive Officer, and a team of experienced compression industry managers.
“Jonathan and his team identified a unique fleet of assets which we believe will be the platform to capitalize on the growing domestic oil and gas production industry,” said Randy Hale, Managing Director of Rock Hill. “We intend to expand Park Energy beyond its existing geographic regions and capitalize on the market and regulatory trends affecting the industry.”
“We selected Rock Hill as our investment partner based upon their reputation in the marketplace and their shared vision of our growth plan for Park Energy” said Mr. Mitchell, adding “We believe Rock Hill has the expertise to help us execute our plan to aggressively increase the size of our fleet to meet the needs of our customers”.
Mikko Crouch, President of Sertco Industries commented, “We are very pleased to have completed an agreement to provide the Sertco line of Natural Gas Compressors and Vapor Recovery Units to Park Energy. Sertco will be working hand in hand with Park Energy to deliver the latest proven design and quality products to fit the growing needs of the marketplace. Customers will have access to all assistance that Sertco can provide in addition to the support they receive from Park Energy.”
About Rock Hill Capital Group
Founded in 2008, Rock Hill Capital Group, LLC is a private equity firm that targets investments in the growing middle to lower middle market with enterprise values up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their business.
Currently, Rock Hill has over $140 million of committed capital under management through Rock Hill Capital I, L.P. and Rock Hill Capital II, L.P. Other current portfolio companies include Alpha Technical Services Corporation, LLC, Applied Global Technologies, Inc., Kiva Kitchen and Bath Holdings, LLC, SouthWaste Services Holdings, LLC, Diversified Well Logging, LLC, Tideland Signal Corporation, Big Lake Services, Core International and Duracoatings.
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