Kingswood Capital Management Acquires Covenant Testing Technologies to Expand Service Offering.
MANews-(C)2009-2023
Los Angeles-based private investment firm Kingswood Capital Management, LP has acquired Texas-based well-flow management and equipment rental company Covenant Testing Technologies to expand customer based and service offering, the company said.
Terms of the transaction were not disclosed.
Kingswood partnered with industry veterans James Stewart and Doug Scott on the transaction.
Covenant is a provider of flowback, production and sand management, and pressure control equipment rentals and associated technical services.
Goodwin Procter LLP and Grant Thornton advised Kingswood on the investment.
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