GCM Capital Completes the Recapitalization of West Texas Boring

PR Newswire

GCM Capital November 18, 2014 11:00 AM

ODESSA, Texas, Nov. 18, 2014 /PRNewswire-iReach/ -- GCM Capital, through its subsidiary International Energy Holdings, and in partnership with owner Mark Jones, announced it has completed the recapitalization of West Texas Boring.

West Texas Boring is an Odessa, Texas based specialty boring and services company primarily serving the energy industry, using horizontal directional drilling and other trenchless technologies in the installation of oil, gas, water and other pipelines.

Founded by Mr. Jones' grandfather in 1975, the Company is the expert boring contractor in the Permian Basin.  West Texas Boring adheres to the founder's standard of having the best people, equipment, and culture to continually provide a superior level of service to its customers.

"The GCM Capital team has extensive experience in energy services and a customer focused outlook that makes them the ideal partner for our company," said Mr. Jones. "We look forward to working with GCM Capital professionals to expand our expert service and trenchless expertise to our valued customers."

"We are thrilled to partner with Mark and his team at West Texas Boring. The Company's track record of growth and expert services makes it a perfect platform for GCM's International Energy Holdings portfolio. This is a team and a company that is well-prepared to capitalize on the tremendous growth expected in the Permian Basin," said GCM's Chairman Roger Lacey.

For more information on:

GCM Capital see www.gcmcapitalco.com

West Texas Boring see www.westtexasboring.com

Media Contact: Craig Morse, GCM Capital, 773-354-1084, craigm@gcmcapitalco.com

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