Rock Hill News & Portfolio News
Rock Hill Capital Group Announces Combination between Big Lake Services and Beckman Production Services
HOUSTON — (September 9, 2014) — Rock Hill Capital Group (Rock Hill) is pleased to announce the strategic combination of its portfolio company, Big Lake Services, LLC (Big Lake), with Beckman Production Services, LLC (Beckman), a portfolio company of SCF Partners.
Big Lake, founded in 2006 by Casey Davidson, is one of the largest and most active privately held workover services companies in the Permian Basin. Big Lake will continue to be managed by Casey Davidson and will continue to operate under the “Big Lake” name, which is well respected in the Permian Basin. Founded in 1970, Beckman is North America’s largest private production and well services company with operations in Wyoming, North Dakota, Pennsylvania, Michigan, Oklahoma and Montana. Additionally, Beckman has significant operations through its coiled tubing division, “Red Zone”, operating in Texas, New Mexico and Oklahoma. The combined Beckman company has 850 employees and provides coiled tubing, completion, workover and plugging & abandonment related services, with 135 well servicing rigs, 9 coiled tubing units, nitrogen pumping and ancillary rental offerings.
Danny Cagle, President of Beckman, commented, “We’re excited about partnering with Casey and his team at Big Lake. Big Lake’s reputation in the Permian Basin is second to none and will serve as a great addition to the Beckman family.”
Casey Davidson, CEO of Big Lake, stated, “The partnership with Beckman allows us to continue to grow and expand while offering the same level of quality service our customers have come to appreciate. I’m excited about being a part of building a leading North American production services company. It’s a great fit.”
Randy Hale, Founder and Managing Director of Rock Hill, commented, “We were not in the market with Big Lake, but the opportunity to partner with Beckman and SCF was too unique to pass up. By combining forces, we will have a leading market position in Wyoming, the Rockies, Oklahoma and Texas and a strong platform for growth. We are excited about the partnership and its future growth potential.”
Ernie Danner, Chairman of Beckman, stated, “We are pleased to have Casey and his group at Big Lake as part of the team. We have a dynamic group of entrepreneurs at Beckman, an exciting geographic presence and service offering, and look forward to what the future holds for the Company.”
Winston & Strawn, LLP represented Big Lake in the transaction.
About Rock Hill Capital Group
Founded in 2008, Rock Hill Capital Group, LLC is a private equity firm that targets investments in the growing middle to lower middle market with enterprise values up to $75 million. Rock Hill seeks to assist successful entrepreneurial companies located in the southern United States to continue to grow and expand their business.
Currently, Rock Hill has over $140 million of comitted capital under management through Rock Hill Capital I, L.P. and Rock Hill Capital II, L.P. Other current portfolio companies include Alpha Technical Services Corporation, LLC, Applied Global Technologies, Inc., Kiva Kitchen and Bath Holdings, LLC, SouthWaste Services Holdings, LLC, Diversified Well Logging, LLC, Tideland Signal Corporation, Big Lake Services, Core International, Durcoatings Holdings, LLC and Park Energy Services.