Acquiring Company
Kingswood Capital Management
Acquired Company
Covenant Testing Technologies
Los AngelesSugar LandFinanceAngel InvestmentFintechEnergyOil And GasDescription
Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Covenant Testing Technologies ("Covenant" or the "Company"), a well-flow management and equipment rental company. Kingswood partnered with industry veterans James Stewart and Doug Scott on the transaction. Kingswood Operating Partner James Stewart will serve as Chief Executive Officer and Chairman of the Board of Directors, and Doug Scott will serve on the Board of Directors of Covenant.
Quick answer
Kingswood Capital Management is acquiring Covenant Testing Technologies, announced October 24, 2023. Kingswood Capital Management is based in Los Angeles, California, United States.
- How much did Kingswood Capital Management pay for Covenant Testing Technologies?
- The deal value was not disclosed.
- What does Kingswood Capital Management do?
- Kingswood Capital Management, LP partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources.
- Where are Kingswood Capital Management and Covenant Testing Technologies based?
- Kingswood Capital Management is based in Los Angeles, California, United States. Covenant Testing Technologies is based in Sugar Land, Texas, United States.
- Who are the decision-makers at Kingswood Capital Management?
- Fundz holds 1 contact at Kingswood Capital Management. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Kingswood Capital Management, and when
When Kingswood Capital Management changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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Frequently asked
Who acquired Covenant Testing Technologies?
Covenant Testing Technologies was acquired by Kingswood Capital Management, based in Los Angeles. The deal was reported on October 24, 2023. Kingswood Capital Management, LP partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources. Kingswood Capital Management is privately held and operates in Finance.
When did Kingswood Capital Management acquire Covenant Testing Technologies?
Kingswood Capital Management's acquisition of Covenant Testing Technologies was reported on October 24, 2023. Kingswood Capital Management, LP (together with its affiliates, "Kingswood") announced today that it has acquired Covenant Testing Technologies ("Covenant" or the "Company"), a well-flow management and equipment rental company. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Covenant Testing Technologies do?
Headquartered in Houston, Texas, Covenant is a leading provider of flowback, production and sand management, and pressure control equipment rentals and associated services. It is privately held, operating in Energy, and is based in Sugar Land.
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