Tower Arch Capital Exits Creedence Energy Services to Monomoy Capital Partners
Tower Arch Capital has successfully exited its investment in Creedence Energy Services, selling the company to private equity firm Monomoy Capital Partners. The partnership between Tower Arch and Creedence began in 2019 and led to significant growth through strategic initiatives such as add-on acquisitions and system upgrades. Creedence is a nationwide provider of production and midstream chemical services for oil and gas operators, serving over 200 customers across key U.S. basins like the Bakken and Permian. Creedence's CEO Kevin Black praised Tower Arch’s support in scaling operations while maintaining company culture. Monomoy now takes ownership as Creedence continues its expansion. Tower Arch emphasized their focus on supporting family- and founder-led businesses to maximize long-term value for stakeholders.
Topics: Mergers & Acquisitions Private Equity