Stages:

• Middle Market

 

Industries:

Energy & Clean Tech

 

Description:

OFS Energy Fund is a private equity fund focused exclusively on acquiring and growing lower middle market energy service companies. OFS' investment strategy is to acquire and grow lower middle market energy service companies with enterprise values between $5 million and $100 million with $1 million - $20 million in EBITDA. The OFS team has been managing energy service private equity since October 2008 when the firm formed its first fund Dorado Energy. The firm announced in April of 2014 that its third private equity fund was oversubscribed at its $175 million hard cap. The fund maintains the focus of acquiring and recapitalizing middle-market companies in the energy service industry. Fund I was a $47 million private equity fund raised primarily from energy industry executives and closed in 2008 and has achieved in excess of four times cash-on-cash returns. Fund II is a $90 million private equity fund that is 80% deployed with six remaining platform companies and two other companies that sold for approximately four times cash-on-cash return. Combining Fund II and Fund III, OFS has $265 million under active management.

 

Funds:

Fund Name	Amount	Date
Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription.