Venquest Capital Partners

Description

Precept is a disposable medical products manufacturing company offering solutions to a variety of patient, staff and enviromental problems that plague the healthcare industry. Precept manufactures a complete line of protective apparel consisting of face masks, protective gowns, scrubs, headwear, shoecovers, warm-up jackets, labcoats, coveralls and surgical drapes and gowns.

We often fill interim operating roles where needed, such as CFO or providing general management assistance to other company executives, adding value through our long experience in working with many companies and varied situations.

The Principals of Venquest have considerable experience investing in privately held, middle market businesses.

Venquest has extensive experience in oilfield services, and began looking for a company to acquire in this industry in 2005. Petroplex was majority owned by the original founder who was planning his eventual retirement, but had groomed his son-in-law into the President role and previously sold a portion of the ownership to him. Venquest led the acquisition whereby it acquired the majority of the stock, the President retained a meaningful minority position, and the former owner agreed to consult for a period of time.

Petroplex is a 25 year oilfield services business that provides well stimulation treatments to leading oil producers in the Permian Basin region of West Texas and Eastern New Mexico. Petroplex custom fabricates its own specialized equipment so that it can efficiently and safely perform acid stimulation services. This extensively used service dramatically improves the productivity of an existing oil well, but is a somewhat small niche that is neglected by most major service companies.

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