Denver, CO – Capstone Headwaters, a leading international middle management investment bank, advised Bedrock Petroleum Consultants, a leading provider of contract personnel to the oil and gas industry, on its sale to NES Global Talent. Terms of the deal were not disclosed.
Based in Lafayette, LA, Bedrock Petroleum Consultants is an industry leading staffing provider to the U.S. onshore oil and gas market. Founded in 2011, the Company is a recognized leader in the upstream staffing sector, and has established long-term relationships with key industry players, including many top oil and gas operators in the most active basins in the lower 48. Bedrock has a pool of 900-plus active skilled and experienced contract personnel (“consultants”) supporting all facets of oil and gas production over the entire 30-year lifecycle of the well, including wellsite and office-based solutions. To find out more about Bedrock visit bedrockpcl.com.
“We are proud of the business we have built to date and are very excited by the opportunity to join NES Global Talent,” said Jay Falcon, President, Bedrock Petroleum Consultants. “NES is an excellent fit for our staff, our consultants and clients. This will allow us to leverage the NES operating platform and focus our efforts on delivering outstanding services to our clients and opportunities to our consultants.”
With four decades of experience in the global market, NES has continued to pursue a strategy of organic growth complemented by targeted acquisitions. Bedrock’s local expertise working across all the major Oil & Gas plays in the continental U.S. will further strengthen NES’s position as the engineering and technical talent provider of choice for Oil & Gas staffing across the Americas.
“The U.S. is the fastest growing oil and gas market in the world. Bedrock Petroleum Consultants is the industry leader in staffing and consulting for the US onshore market, providing NES Global a critical component in their global platform and long-term growth prospects,” commented Ted Kinsman, Managing Director at Capstone Headwaters in their Energy Sector, who co-led this transaction. “ This deal illustrates the desire of international energy businesses to gain entry into the U.S. market as a key strategic growth driver.”
Capstone Headwaters was uniquely positioned to advise on this deal, given the deep industry experience in both the energy and staffing sectors. Bob Balaban, Managing Director at Capstone Headwaters in thier Staffing & Consulting sector co-led the deal with Kinsman. “The accelerating growth in the U.S. staffing market over the last two years has drawn global attention," said Balaban. "This transaction demonstrates the desire of global staffing companies to gain entry into the U.S. staffing market, which we expect to surpass $150 billion in total revenue in 2019. Bedrock Petroleum Consultants, the industry leader in staffing and consulting for the U.S. onshore oil and gas market, provides NES Global a critical component in their global platform and long-term growth prospects. We remain excited about the 2019 opportunities for specialized staffing firms across many vertical niches.”