Jones Day has advised Turnbridge Capital, LLC in its acquisition of a minority stake in Gradiant Energy Services (GES), a provider of integrated water management solutions to the energy industry.
GES is focused on deploying its three product and service lines in all major basins throughout the United States; Selective Chemical Extraction (SCE™) is a clean brine treatment service that allows for reuse of flowback and produced water in hydraulic fracturing; Carrier Gas Concentration (CGC™) is a mobile evaporative disposal service targeting disposal constrained environments; and Free Radical Disinfection (FRD™) is a fully mobile, safe and effective on-the-fly disinfection service. These turnkey services are targeted and applicable for all E&P operators, from small independents all the way to super-majors.
Turnbridge Capital is an energy-focused private equity firm with offices in Dallas and Houston, Texas. Turnbridge seeks to invest alongside experienced management teams in companies that provide products and services to the upstream, midstream and downstream energy market segments.
Jones Day has advised Turnbridge Capital on the deal with a team led by R. Scott Cohen.
Involved fees earner: Scott Cohen – Jones Day;
Law Firms: Jones Day;
Clients: Turnbridge Capital, LLC;