EIV Capital Completes $20m Investment in Gazelle Transportation

Source: www.gulfoilandgas.com 10/12/2016, Location: North America

EIV Capital is pleased to announce the completion of its $20 million investment commitment to Gazelle Transportation, a crude oil transportation and fluid management logistics company. EIV’s investment will support the company’s growth as it continues providing first-class transportation and logistics service to its customer base.

Gazelle is an oilfield midstream service provider based in Bakersfield, California focused on crude oil transportation and fluid management within the California oil producing region. The crude oil transportation division provides safe, reliable transportation services to a variety of customers throughout California. The fluid management division provides an integrated services offering to its customers, including water hauling, waste hauling and portable storage tank rentals. Gazelle has an industry-leading safety record and a longstanding reputation for fostering a culture focused on world-class service and safe, environmentallyconscious performance.

“We are thrilled to have EIV as a partner to support Gazelle’s vision of furthering its status as an industry leader in crude oil transportation and fluid management services. Securing a knowledgeable partner like EIV at this point in the cycle is a testament to the quality of our team, our staying power and the passion we share to be the very best, while delivering incident free service to the energy industry,” said Ron Lallo, Chief Executive Officer and President of Gazelle.

“We are excited to announce our partnership with Gazelle and look forward to supporting the company as it continues to grow,” stated Jenny Gottschalk, Partner at EIV Capital. “Gazelle’s reputation for being a socially, environmentally and safety conscious company positions it well to expand operations and continue providing world-class customer service.”


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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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