BIRMINGHAM, AL (January 30, 2020) – Founders is pleased to announce that Track What Matters, LLC, (TWM) d/b/a Rhino Fleet Tracking (Rhino) has been recapitalized by Accel-KKR, a leading Silicon Valley based technology-focused investment firm. Rhino’s fleet tracking systems optimize fleet performance and ensure that business owners and managers know where their assets are and…
By: Duane Donner The steps to selling a middle market company1 are generally not that well known. Yet, there is a proven methodology that, when followed, increases the likelihood of a firm obtaining a premium value and getting a deal done. Over the next several weeks we will take a deep dive into this methodology…
BIRMINGHAM, AL (January 23, 2020) – Founders is pleased to announce that H2scan Corp. (H2scan) has closed $10.5 million in a series E financing round from Energy Growth Momentum (EGM), a UK-based private equity group. H2scan raised an additional $3 million in venture debt from El Dorado Investment Company, a Phoenix venture company owned by…
Each year the Founders team comes together to reflect on the prior year and look forward in the upcoming year. During this time, we highlight achievements of the firm and our clients. This year we celebrated a record year for the firm, discussed growth plans, and unveiled some exciting news that we’ll release in the…
By: John Sinders The fallout from reduced production growth was evident in OFS providers’ third quarter results. Most OFS providers reported continued pricing pressure and a slowdown in demand for their services on U.S. land drilling and completions activities. Service companies have begun to realize that it is not enough to wait for “better times”…
In this edition of the Founders Oil & Gas Market Update, we discuss how oilfield service providers are turning to automation and technology to help combat pressures from E&Ps. This trend is drawing interest from strategic buyers in the space as they look to outsource their R&D efforts. Follow the link to read the Newsletter…