Successful Recapitalization of Creedence Energy Services Announced by Tower Arch Capital
On October 8, 2026, Tower Arch Capital, a middle-market private equity firm based in Salt Lake City, announced the successful exit of Creedence Energy Services to Monomoy Capital Partners. This marks the end of a fruitful collaboration that began in 2019, where Tower Arch played a crucial role in enhancing Creedence's operations and market positioning. Creedence Energy Services specializes in providing tailored chemical services for production and midstream processes in the oil and gas sector, boasting a workforce of over 275 across 22 locations and servicing more than 200 clients in vital regions such as the Bakken and Permian Basins.
Kevin Black, the co-founder and CEO of Creedence, expressed his pride regarding the achievements made through the partnership with Tower Arch, attributing significant support in strategic initiatives like acquisitions and system improvements to their collaboration. The team at Creedence has seen considerable growth during their time with Tower Arch and looks forward to continuing that trajectory under Monomoy's stewardship.
David Parkin, a partner at Tower Arch, praised Creedence's commitment to safety and exceptional customer service, elements that have propelled its success within the competitive landscape. He noted that such characteristics have been instrumental in building a strong foundation for the company's remarkable performance.
Tower Arch is dedicated to partnering with family-owned businesses, focusing on their growth and operational enhancements while ensuring favorable outcomes for investors. This philosophy is evident in their handling of Creedence, with the exit to Monomoy Capital marking a significant milestone in the company's evolution.
Founded in 2014, Creedence Energy Services has positioned itself as a leader in midstream chemicals, continuously adapting to the needs of the industry with its customized chemical applications designed to optimize production and maintain the integrity of assets in the oil and gas production chain. With operating territories in prolific basins like the Bakken, Permian, Anadarko, Haynesville, San Juan, and Powder River, the company has asserted its influence and reliability in the energy sector.
The partnership with Tower Arch has also been highlighted as a catalyst for growth, allowing Creedence to scale operations effectively while enhancing staff engagement and the corporate culture positively. As the company transitions to Monomoy Capital Partners, the team is invigorated and poised to explore new growth avenues.
Looking ahead, Creedence is geared to leverage its expertise and expansive reach to tackle future challenges in the oil and gas sector, reinforcing its status as a trusted partner for production solutions. With a client-centric approach driving their strategies, the management team is optimistic about the opportunities that lie ahead under new ownership.
In closing, the exit of Creedence from Tower Arch Capital not only illustrates the impact of supportive partnerships in the business landscape but also signals an exciting new chapter for the company under Monomoy's guidance. As the industry evolves, Creedence remains committed to innovation, safety, and superior service delivery, aimed at achieving greater heights in the dynamic energy market.
Kevin Black, the co-founder and CEO of Creedence, expressed his pride regarding the achievements made through the partnership with Tower Arch, attributing significant support in strategic initiatives like acquisitions and system improvements to their collaboration. The team at Creedence has seen considerable growth during their time with Tower Arch and looks forward to continuing that trajectory under Monomoy's stewardship.
David Parkin, a partner at Tower Arch, praised Creedence's commitment to safety and exceptional customer service, elements that have propelled its success within the competitive landscape. He noted that such characteristics have been instrumental in building a strong foundation for the company's remarkable performance.
Tower Arch is dedicated to partnering with family-owned businesses, focusing on their growth and operational enhancements while ensuring favorable outcomes for investors. This philosophy is evident in their handling of Creedence, with the exit to Monomoy Capital marking a significant milestone in the company's evolution.
Founded in 2014, Creedence Energy Services has positioned itself as a leader in midstream chemicals, continuously adapting to the needs of the industry with its customized chemical applications designed to optimize production and maintain the integrity of assets in the oil and gas production chain. With operating territories in prolific basins like the Bakken, Permian, Anadarko, Haynesville, San Juan, and Powder River, the company has asserted its influence and reliability in the energy sector.
The partnership with Tower Arch has also been highlighted as a catalyst for growth, allowing Creedence to scale operations effectively while enhancing staff engagement and the corporate culture positively. As the company transitions to Monomoy Capital Partners, the team is invigorated and poised to explore new growth avenues.
Looking ahead, Creedence is geared to leverage its expertise and expansive reach to tackle future challenges in the oil and gas sector, reinforcing its status as a trusted partner for production solutions. With a client-centric approach driving their strategies, the management team is optimistic about the opportunities that lie ahead under new ownership.
In closing, the exit of Creedence from Tower Arch Capital not only illustrates the impact of supportive partnerships in the business landscape but also signals an exciting new chapter for the company under Monomoy's guidance. As the industry evolves, Creedence remains committed to innovation, safety, and superior service delivery, aimed at achieving greater heights in the dynamic energy market.
Topics Financial Services & Investing）
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