Kingswood Capital Management Acquires Covenant Testing Technologies
10/24/23, 1:06 PM
Location
los angelessugar landIndustry
angel investment
venture capital
finance
financial services
oil and gas
energy
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.
Company Info
Location
Los Angeles, California, United States
Company info
Kingswood Capital Management, LP partners with leading companies in the middle market which stand to benefit from its capital and extensive operating resources. Kingswood embraces complexity and believes it is well-positioned to support businesses at inflection points in their development to enhance value. Based in Los Angeles, Kingswood is a cohesive, entrepreneurial team with a long history of shared success developing “win-win” partnerships with its portfolio companies and management teams.