Clearlake Capital Backed GlobeLTR Energy Inc. Announces Sale of Well Servicing Division to Brigade Energy Services, LLC

SANTA MONICA, Calif. & MIDLAND, Tex. & DALLAS & DENVER–(BUSINESS WIRE)–GlobeLTR Energy Inc. (“GlobeLTR” or the “Company”), a
portfolio company of affiliates of Clearlake Capital Group, L.P. (“Clearlake”),
today announced the Company has closed the sale of its well servicing
division to Brigade Energy Services, LLC (“Brigade”), a portfolio
company of Turnbridge Capital Partners, LLC and affiliates (“Turnbridge”).
Financial terms of the transaction were not disclosed.

“We look forward to working with Brigade to ensure a smooth transition
and make certain safety and quality of service remain priorities for all
of our customers through the transition period,” said Troy Botts and Pat
Bond, Co-CEOs of GlobeLTR. “This transaction represents a significant
strategic initiative for our Company and GlobeLTR’s other operations and
product lines will not be affected by this transaction,” they added.

"Clearlake is pleased with this important transaction and the strategic
fit between Brigade and our well servicing division,” said José E.
Feliciano, Chairman of GlobeLTR, and Co-Founder and Managing Partner of
Clearlake. "This transaction facilitates GlobeLTR’s increased focus on
its core midstream water logistics and pre-frac solutions as well as
power generation services for E&P clients operating in the Permian and
other target basins."

Parks Paton Hoepfl & Brown, LLC acted as financial advisor to Clearlake
and GlobeLTR.

About GlobeLTR

GlobeLTR is a growth-oriented, Permian-focused provider of a wide range
of oilfield services to U.S. onshore oil and natural gas exploration and
production companies, including water logistics and infrastructure
solutions, portable power generation and equipment rentals and specialty
production chemicals. The Company has significant coverage density in
the Permian Basin, and also benefits from a national footprint supported
by facilities, operations and management personnel in several key
domestic resource plays, including the Eagle Ford Shale, SCOOP/STACK,
Williston Basin, DJ Basin, Marcellus Shale and Haynesville Shale, among
others. More information is available at www.globeltrenergy.com.

About Brigade

Brigade is a growing energy solutions company focused on raising the
well servicing industry bar on safety, integrity, performance and
customer service. We are based in Denver, Colorado, with operations in
the major resource plays of Montana, North Dakota, Wyoming, Colorado,
Oklahoma, and Texas. More information is available at www.brigadeenergy.com.

About Clearlake

Clearlake is a leading private investment firm founded in 2006. With a
sector-focused approach, the firm seeks to partner with world-class
management teams by providing patient, long-term capital to dynamic
businesses that can benefit from Clearlake’s operational improvement
approach, O.P.S.® The firm’s core target sectors are industrials
and energy; software and technology-enabled services; and consumer.
Clearlake currently has over $3.5 billion of assets under management and
its senior investment principals have led or co-led over 90 investments.
More information is available at www.clearlake.com.

About Turnbridge

Turnbridge is an energy-focused private equity firm with offices in
Dallas and Houston, Texas. The firm typically invests alongside
experienced management teams in companies that provide products and
services to the upstream, midstream, downstream, and other
energy-related infrastructure segments. For more information on
Turnbridge, please visit www.turnbridgecapital.com.

Contacts

For GlobeLTR
Heather Heacock, 281-640-3043
[email protected]
or
For
Brigade
Molly Kindsfather, 720-531-1855
[email protected]
or
For
Clearlake
Owen Blicksilver Public Relations, Inc.
Kristin
Celauro, 732-433-5200
[email protected]
or
Jennifer
Hurson, 845-507-0571
[email protected]
or
For
Turnbridge
Rachel Stride, 214-624-5010
[email protected]