NEW YORK – May 11, 2016 – Blue Wolf Capital Partners LLC, the New York-based private equity firm, today announced that its affiliate, Blue Wolf Capital Fund III, L.P. (“Blue Wolf”) has partnered with K2 Energy Capital, LLC and its founder, Kevin W. Kuykendall, to pursue energy services investments.
Mr. Kuykendall has more than 20 years of private equity investing experience, having led or played a significant role in numerous control equity, minority equity and debt investments in the energy sector. K2 Energy Capital, LLC will co-invest with Blue Wolf in identified energy opportunities. Before founding K2, Mr. Kuykendall was with American Capital, Ltd. (NASDAQ: ACAS), where he created the American Capital Energy Group, which grew to a team of 14 and reached a peak portfolio value of nearly a billion dollars of equity and debt investments. Prior to ACAS, he co-founded the Enron North America Principal Investments Group.
Adam Blumenthal, Managing Partner of Blue Wolf, said, “Kevin is a talented investment professional whom we have known for many years and have been consulting with for the last year. He is uniquely plugged in to the energy services industry, with relationships, skills and experience that will complement our core competency of unlocking value in complex situations. As we look to invest in this dynamic sector where both struggling and healthy companies are in need of capital and operational expertise, we are very pleased to welcome him to Blue Wolf.”
Mr. Kuykendall commented, “I am delighted to partner with the Blue Wolf investment team. Ongoing weak commodity prices have caused severe distress across significant swaths of the energy sector. For seasoned investors with committed capital and access to both restructuring and operating expertise, a broad range of opportunities exists to invest in energy-related companies at attractive valuations and expand those companies significantly as the energy sector begins to recover. We are excited by the opportunities available in the market, and we look forward to investing significant capital in the coming months.”
About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.
About K2 Energy Capital, LLC
K2 Energy Capital, LLC, headquartered in Dallas, Texas, is a private investment firm that targets control transactions in the energy services sector, including oilfield services, utility services, and equipment manufacturing. K2’s founder has made successful investments in a broad array of energy subsectors including oil and gas production, coal production, drilling fluids services, fluids transportation and disposal services, downhole tool manufacturing, manufacturing of high pressure flow control equipment, ethanol production, underground utility locating services, drill bit manufacturing, and others. For additional information, please visit www.k2energycapital.com.