K2 Energy Capital, LLC

 


Personalized Private Equity Capital for the Energy Revolution

 

K2 Closes Investment in Provider of Environmental Containment Solutions

December 12, 2016

K2 is pleased to announce its latest investment, a minority stake in Extreme Plastics Plus, LLC, ("EPP") an environmental containment services company focused primarily on the oil and gas sector. K2 and its partner, Blue Wolf Capital Partners, LLC ("Blue Wolf'), acquired the assets of EPP through a bankruptcy auction held on November 17, 2016.  The investment by K2 and Blue Wolf has allowed EPP to exit bankruptcy with a debt-free balance sheet and positions the company to capitalize on a recovering oil and gas drilling market.

This transaction marks the first investment from a partnership formed earlier this year between K2 and Blue Wolf in which the energy experience of K2 and the capital base and deep restructuring expertise of Blue Wolf have been combined in order to more effectively pursue distressed energy investments.

About Extreme Plastics Plus
Extreme Plastics Plus provides oilfield environmental containment services in the Marcellus Shale, Utica Shale, Eagle Ford, Permian Basin and other Mid-Continent sites. EPP specializes in environmental lining, above ground storage tanks, composite rig mats, secondary steel wall containment systems and rig vac systems. Founded in 2007, the company has locations in West Virginia, Pennsylvania, Texas, Oklahoma and New Mexico. For more information, visit www.extremeplasticsplus.com.

About Blue Wolf Capital Partners
Blue Wolf Capital Partners LLC is a private equity firm that specializes in control investments in middle market companies. Leading by experience, and with a commitment to excellence, Blue Wolf transforms companies strategically, operationally and collaboratively. Blue Wolf manages challenging situations and complex relationships between business, customers, employees, unions, and regulators to build value for stakeholders. For additional information, please visit www.bluewolfcapital.com.



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