Centrally located in the middle of the U.S. oil and gas reserve base, Parallel has enjoyed extraordinary results working with entrepreneurs to build strong, scalable energy platforms. Parallel has a particular focus on the U.S. Energy Services sector which experiences strong demand across a wide range of commodity price environments.
Leading supplier of dust suppression and other fugitive dust control systems to the electric utility, coal producing and petroleum refining industries. Parallel worked with the founders to develop Benetech’s strategic plan and build out its management team. Benetech was successfully sold to a private equity firm in 2007.
Oil and gas exploration and production company with significant acreage in North Texas and the Texas Panhandle. Parallel worked with the founder to build the management team, pursue distressed property acquisitions and enhance production. WG Energy was successfully sold to Ram Energy in 2004.
Accelerated Production Services
Provides artificial lifting systems, pumps and services to operators of domestic oil and gas wells requiring artificial lift for production from twelve locations across the U.S. Parallel has worked with management to pursue complementary service acquisitions and geographic expansion opportunities, enabling the company to grow EBITDA more than 200% since the inception of its partnership with Parallel in 2008. The company continues to drive growth organically and through strategic acquisitions.