Quality Energy Services Has Been Acquired by Cardinal
Quality Energy Services, Inc. (“QES”)
Founded in 2001, QES is an established provider of offshore well intervention and production optimization services for operators in the Gulf. With a suite of specialized tools, services, and a highly skilled workforce, QES provides E&P operators with cost-effective solutions designed to optimize production and enhance the performance of existing wells. Additionally, QES offers specialized technical services to support plug and abandonment of legacy wells.
Bluehenge Capital Partners (“Bluehenge”)
Bluehenge is a Baton Rouge, Louisiana-based private equity and private credit investment firm offering creative capital solutions for lower middle-market businesses across various industries. Bluehenge has raised over $420 million of capital in pursuit of its strategy. The Bluehenge team has a long history providing capital for buyouts, acquisitions, and growth to companies across a nationwide footprint.
Cardinal Services, LLC (“Cardinal”)
Cardinal is a leading provider of oilfield services and equipment, specializing in coil tubing, slickline, and wireline services for oil and natural gas producers in the Permian Basin of West Texas, Eagle Ford Basin of South Texas, the shallow and deep waters of the Gulf, and select other U.S. land markets. Since its founding in 2012, Cardinal has been backed by Kotts Capital Holdings, a Houston-based single family office investor.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: