Monomoy Capital Partners has completed an undisclosed investment in Creedence Energy Services, a North Dakota-based provider of chemical treatments for oil and gas operations. Founded in 2014, Creedence delivers over 15 million gallons of treatments annually from 22 US locations, serving production wells, pipelines, and disposal facilities. The partnership aims to support geographic expansion and new product development.
CEO Kevin Black retains significant ownership, and the existing leadership team will continue operations. Monomoy, with $5.3 billion in assets under management, seeks further acquisitions in chemical distribution and oilfield services. Legal and financial advisors included Ropes & Gray, Key Banc, and Gibson Dunn.
Source: PE Hub · Summarized by HeadlinesBriefing