Intervale Adds Aegis Chemical To Oil Field Services Portfolio

Law360, New York (January 11, 2013, 6:30 PM EST) -- Energy-focused private equity firm Intervale Capital announced Friday that it has taken a major stake in Aegis Chemical Solutions LLC, a Texas company that provides chemicals and water treatment technologies for use in conventional oil drilling and hydraulic fracturing.

The deal, whose terms were not disclosed, gives Boston-headquartered Intervale majority ownership of Aegis and funds the target's merger with Mid-Chem Inc., a Midland, Texas-based production chemicals business that serves West Texas and eastern New Mexico, Aegis' two main markets, according to a statement from Intervale....
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