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Investments

54

Portfolio Exits

13

Funds

16

Service Providers

3

About Lime Rock Partners

Lime Rock Partners is a private equity investment partner focused solely on the upstream oil and gas sector.

Lime Rock Partners Headquarter Location

274 Riverside Avenue Suite 3

Westport, Connecticut, 6880,

United States

203-293-2750

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Latest Lime Rock Partners News

Rod and Tubing Services and Certus Energy Solutions Combine to Form...

Jun 22, 2021

Share Article Rod and Tubing Services, LLC (“RTS”), an oilfield leader in tubular and sucker rod inspection and integrity services, asset management, and related data analytics, announced that it completed a merger with Certus Energy Solutions (“Certus”), a premier provider of drill pipe inspection services, tubular thread technologies, and pipe and tool rental solutions. DALLAS and HOUSTON (PRWEB)June 21, 2021 Rod and Tubing Services, LLC (“RTS”), an oilfield leader in tubular and sucker rod inspection and integrity services, asset management, and related data analytics, announced that it completed a merger with Certus Energy Solutions (“Certus”), a premier provider of drill pipe inspection services, tubular thread technologies, and pipe and tool rental solutions. The combined company now offers best-in-class tubular management services across the well lifecycle, including drilling, completion, and production operations. It leverages proprietary software from both RTS and Certus to provide customers with innovative data reporting and performance analytics. And it serves the three most productive oil plays – the Permian Basin, Eagle Ford, and Bakken – from strategically located, high-capacity facilities. Leadership of the combined business will include executives from both companies, and will be led by Daniel Williams, CEO of RTS. All tubular and sucker rod services will operate under the RTS brand, while pipe and tool rentals will continue operating under the Certus brand. Daniel Williams, CEO of Rod and Tubing Services, said, “I am excited to combine two great, technology-minded organizations to offer customers a single-source solution for tubular and sucker rod lifecycle management. The aggregate investment to buy, rent and maintain downhole tubulars is one of the largest costs over the life of a well. Our goal is to provide oil and gas companies with unprecedented tracking and performance data to help maximize their investment.” Patrick Williamson, President & CEO of Certus Energy Solutions, said, “we are excited to join RTS’ leading integrity services platform focused on production and completion tubulars, sucker rods and related artificial lift equipment. Certus’ customers in the Permian and Bakken will benefit from our combined offering of expert inspection services. We are also excited to continue expanding the market for our proprietary tubing connection, HZTTM, to customers looking for high-torque, extended reach solutions for completion and workover activities.” Joseph Saliba, President & COO of Rod and Tubing Services, said, “RTS has focused on building a differentiated service offering for its customers, and in Certus we found a like-minded company. The combination of RTS’ Hawkeye DMS™ system for digital asset management and inspection analytics with Certus’ CertaTrack™ for drill pipe lifecycle management, creates the industry leader and benchmark for digital capabilities in the integrity and asset management space.” RTS is a portfolio company of Lime Rock Partners (“Lime Rock”). Certus is a portfolio company of Amberjack Capital Partners (“Amberjack”). Both Lime Rock and Amberjack remain shareholders of the combined company. PPHB, LP served as financial advisor to Certus, and Locke Lorde LLP served as Certus’ legal advisor. Willkie Farr & Gallagher LLP served as legal advisor to RTS. Please visit http://www.rtsinspection.com for more information. For media inquiries please call (214) 617-9080. Share article on social media or email: View article via:

Lime Rock Partners Investments

54 Investments

Lime Rock Partners has made 54 investments. Their latest investment was in FieldEye as part of their Unattributed on March 3, 2021.

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Lime Rock Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/8/2021

Unattributed

FieldEye

$0.75M

Yes

Cottonwood Venture Partners, and Undisclosed Investors

1

1/18/2018

Private Equity

Wayfinder Resources

Yes

3

10/3/2017

Private Equity

TEC Holdings

$15M

Yes

Crestview Partners

1

4/20/2017

Private Equity

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$99M

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10

12/5/2014

Growth Equity

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$99M

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10

Date

3/8/2021

1/18/2018

10/3/2017

4/20/2017

12/5/2014

Round

Unattributed

Private Equity

Private Equity

Private Equity

Growth Equity

Company

FieldEye

Wayfinder Resources

TEC Holdings

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Amount

$0.75M

$15M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Cottonwood Venture Partners, and Undisclosed Investors

Crestview Partners

Sources

1

3

1

10

10

Lime Rock Partners Portfolio Exits

13 Portfolio Exits

Lime Rock Partners has 13 portfolio exits. Their latest portfolio exit was PanGeo Subsea on April 09, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/9/2021

Acquired

Kraken Robotics

1

6/22/2018

IPO

Public

1

9/19/2016

Acquired

MSA Safety

2

00/00/0000

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10

00/00/0000

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$991

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10

Date

4/9/2021

6/22/2018

9/19/2016

00/00/0000

00/00/0000

Exit

Acquired

IPO

Acquired

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Companies

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Valuation

$991

Acquirer

Kraken Robotics

Public

MSA Safety

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Sources

1

1

2

10

10

Lime Rock Partners Acquisitions

8 Acquisitions

Lime Rock Partners acquired 8 companies. Their latest acquisition was West Valley Energy on January 19, 2015.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/19/2015

Growth Equity

Acq - Fin

1

9/19/2008

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$991

$99M

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10

4/16/2008

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$99M

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10

10/9/2006

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$99M

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10

5/30/2006

Leveraged Buyout

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$99M

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10

Date

1/19/2015

9/19/2008

4/16/2008

10/9/2006

5/30/2006

Investment Stage

Growth Equity

Leveraged Buyout

Companies

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Valuation

$991

Total Funding

$99M

$99M

$99M

$99M

Note

Acq - Fin

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Sources

1

10

10

10

10

Lime Rock Partners Fund History

16 Fund Histories

Lime Rock Partners has 16 funds, including Lime Rock Partners VIII.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/2/2018

Lime Rock Partners VIII

REAL Assets

$688M

5

6/28/2018

Lime Rock Partners IV AF

LP Secondaries

$1,900M

2

6/27/2016

Lime Rock Partners VII

REAL Assets

$433.99M

3

5/25/2016

Lime Rock Resources IV

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$99M

10

10/8/2013

Lime Rock Resources III

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$99M

10

Closing Date

11/2/2018

6/28/2018

6/27/2016

5/25/2016

10/8/2013

Fund

Lime Rock Partners VIII

Lime Rock Partners IV AF

Lime Rock Partners VII

Lime Rock Resources IV

Lime Rock Resources III

Fund Type

REAL Assets

LP Secondaries

REAL Assets

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Status

Amount

$688M

$1,900M

$433.99M

$99M

$99M

Sources

5

2

3

10

10

Lime Rock Partners Service Providers

3 Service Providers

Lime Rock Partners has 3 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

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Service Provider

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Associated Rounds

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Provider Type

Counsel

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Service Type

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Partnership data by VentureSource

Lime Rock Partners Team

19 Team Members

Lime Rock Partners has 19 team members, including current Chief Financial Officer, Susan Oswald.

Name

Work History

Title

Status

John T. Reynolds

Founder

Current

Susan Oswald

Chief Financial Officer

Current

Gregory Highberger

Chief Investment Officer, Managing Director

Current

J McLane

Pioneer Natural Resources

Chief Investment Officer, Managing Director

Current

Charles Adcock

Managing Director

Current

Name

John T. Reynolds

Susan Oswald

Gregory Highberger

J McLane

Charles Adcock

Work History

Pioneer Natural Resources

Title

Founder

Chief Financial Officer

Chief Investment Officer, Managing Director

Chief Investment Officer, Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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