Energy & Energy Services

 

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.

 

Benetech

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.

 

WG Energy

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 Companies

Integrated product and service provider for the oil and gas industry providing artificial lifting systems, pumps and services to operators of domestic oil and gas wells requiring artificial lift for production.  Parallel has worked with management to pursue complementary service acquisitions and geographic expansion opportunities, enabling the company to grow EBITDA more than 300% since the inception of its partnership with Parallel in 2008.  The company continues to drive growth organically and through strategic acquisitions.

 

“The Parallel team was a steady, supportive, engaged partner for Benetech, allowing us to continue to improve the strategic position of the Company despite a cyclical downturn in the power utility services industry.  As our industry category rebounded, the improvements we made in partnership with Parallel enhanced our value proposition enabling Benetech to create significant equity value.”

Ron Pircon
CEO
Benetech, Inc.

www.benetechusa.com