Energy Solutions International, a portfolio company of Inverness Graham Investments, has been acquired by the GFI Energy Group of Oaktree Capital Management. ESI is a leading global supplier of software solutions for oil and gas pipelines and terminals.
“At ESI we are very excited about this investment from GFI which will help us bring our technology to the next level of excellence and enhance our ability to provide cost-effective solutions to our customers around the world,” said Dr. Jo Webber, CEO of Energy Solutions. “Access to GFI’s significant expertise and relationships in the energy markets will strengthen ESI as a leading provider of mission-critical technology solutions to the pipeline industry.”
“GFI seeks to work with market leading companies and top notch management teams in the energy industry,” said Ian Schapiro, GFI’s Managing Director. “As we investigated the energy logistics sector, it became evident that ESI’s technology and products are markedly superior and address a growing market need. We look forward to working with ESI’s dedicated and experienced management team to help increase the scope of the Company’s solutions, portfolio, and global presence.”
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