Ranch Creek And Hillstar Invest In OneCor Services

Published: Sep 06 2017
Deal Summary

Ranch Creek Partners, LLC, and Hillstar Capital, both private equity firms, made an investment in OneCor Services, LLC, a provider of environmental services and acid blending to the oil and gas industry in the Bakken Shale.

OneCor Services (operating as Jerry's Services) provides environmental services and acid blending to the oil and gas industry in the Bakken Shale in North Dakota. OneCor provides selective and bare ground weed control services, as well as environmental remediation services in North Dakota. The company also provides blended acid for the completion, stimulation and workover of oil and gas wells in the Bakken Shale.

The investment enables OneCor Services to increase its growth and expand into new markets.

Adam Stern, partner of Hillstar, said, "The current executive team has provided outstanding leadership and will continue to offer a wealth of experience, while our capital will enable OneCor Services to accelerate growth and expand into new markets."

Ricky Waitman, CEO of OneCor Services, said, "For over 40 years, we have strived to always put the customer first and deliver world-class service quality at a fair price. This expansion solidifies our commitment to producers and service companies here in the Bakken to help them meet America's growing energy needs."

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