Central Environmental Oilfield Services Co Gets New “Owner”
Central Environmental Services, an oilfield services company servicing Marcellus and Utica Shale drillers with its headquarters in Washington, WV, announced yesterday they have a new owner–or perhaps a better way of putting it, a new majority investor. Harbert Private Equity Fund III, LP (“HPEF III”) announced yesterday they have purchased a majority interest in Central for an undisclosed sum. We don’t expect anything will change re management of the company. It just means Central has a new pile of money with which to expand their operations–along with someone watching over their shoulder.
The press release announcing the new majority investor/owner in Central Environmental Services: