Tally Energy Services Launches with Focus on Building a Specialized North American Shale Products and Services Company

Company is Backed by RedBird Capital Partners and Sallyport
Investments

Completed Two Acquisitions to Date and has a Further $130MM+ in
Capital Commitments

HOUSTON–(BUSINESS WIRE)–Tally Energy Services, a private equity backed firm with a buy and build
strategy in specialized North American shale products and services,
recently launched its operations in Houston, Texas. With sponsorship
from RedBird Capital Partners and Sallyport Investments, Tally Energy
Services raised $130MM+ of capital commitments with additional equity
available for substantially larger acquisitions. Tally is principally
focused on directional drilling, completion equipment, and artificial
lift.

Led by CEO Chris Dorros, the firm recently completed two Texas-based
acquisitions: Terra Directional Services, a full-service directional
drilling company specializing in horizontal wells for shale projects
throughout the United States, and Tech-Flo Consulting, a worldwide
supplier of hydraulic lift systems.

Douglas L. Foshee joins Tally Energy Services as Chairman of the Board.
As founder and owner of Sallyport Investments, LLC, Foshee has more than
thirty years in the energy industry. He is the former chairman,
president, and chief executive officer of El Paso Corporation, which
owned North America’s largest natural gas pipeline system and one of
North America’s largest natural gas producers prior to its merger with
Kinder Morgan, Inc. in 2012, one of the largest mergers in the energy
industry.

Tally Energy Services is currently seeking additional investment
opportunities in US technical oilfield products and services companies
with proven and sustainable business models and management teams
desiring an experienced and well-capitalized strategic partner to help
facilitate growth.

“Tally Energy has an important role to play in today’s dynamic oil and
gas sector. As new opportunities emerge for specialized companies that
have adapted to the new industry environment, we are well positioned to
develop collaborative partnerships with skilled leadership teams that
are prepared to build on their operational successes and are ready to
drive significant growth,” said Dorros. “Our goal is to assist these
companies in the achievement of their business objectives and deliver
solid returns for our investors through organic growth, operational
improvements and strategic acquisitions.”

The seismic shift in the global oil markets created fundamental changes
for the US shale industry. The imbalance in supply and demand forced a
shift from development to execution, focusing on efficiency and
technology to reduce costs. Those reductions in cost are lowering shale
breakevens and making the US more resilient to price declines. Tally
Energy Services’ objective is to grow innovative businesses by focusing
on areas most profoundly affecting success: wellbore placement,
reservoir communication and bringing hydrocarbons to the surface.

About Tally Energy Services

Tally Energy Services is a private-equity backed firm focused on North
America shale. With a solid buy and build strategy, the firm seeks
innovative US companies in technical oilfield products and services with
opportunities for growth, consolidation, and differentiation. Through
strategic guidance, its pragmatic approach and operational expertise,
Tally Energy drives transformation that unlocks each company’s potential
with a long-term goal of achieving best-case outcomes for its businesses
and investors. Tally Energy Services: www.tallyenergy.com

About Redbird Capital Partners

Founded in 2013, RedBird Capital Partners is a principal investment firm
focused on transformational growth equity investments in partnership
with entrepreneurs and family owned businesses. To date, the firm has
led over $1.5 billion of equity investments in ten platform companies in
North America. RedBird typically invests in proven business models with
experienced management teams across four industry verticals:
Communications; Sports, Leisure & Hospitality; Energy & Industrials; and
Financial & Business Services. RedBird’s “Investing to Build” philosophy
is aimed at creating long-term partnerships with entrepreneurs and
family offices with the objective of building market leading businesses
in the industry verticals within its domain expertise. RedBird has
offices in New York and Dallas. Redbird Capital Partners: http://redbirdcap.com

About Sallyport Investments

Founded by Doug Foshee in 2012, Sallyport Investments provides capital
and leadership to companies in the Upstream, Midstream and Service
Sectors of the Energy Industry. The firm partners with companies in
which it invests, working side-by-side with management teams to create
great businesses and long-term value. By staying focused on long-term
value creation, Sallyport creates superior investment returns and
achieves its own financial and philanthropic goals. Sallyport
Investments: http://sallyport.net

Contacts

Tally Energy Services
Dana Summers, 334-663-4424
[email protected]
or
RedBird
Capital Partners
Dan Gagnier, 646-569-5897
[email protected]