Adds Leading Software Provider to the Oil and Gas Industry
July 12, 2016
Boston, MA — Fort Point Capital, a Boston-based private equity firm, announced today that it has completed the recapitalization of WolfePak Software (“WolfePak” or the “Company”), a leading provider of financial, accounting and regulatory compliance software to the oil and gas industry. Headquartered in Abilene, TX, WolfePak has been led by founder Charlie Wolfe, who will continue to lead WolfePak as CEO and a significant shareholder, since 1986.
WolfePak has built a reputation in the oil and gas industry as the premier finance and accounting software solution for oil and gas well operators, first purchasers, investors and service providers, with customers in 41 states and 9 countries. Over three decades, WolfePak’s software has continued to evolve to serve the specific accounting and reporting needs of its customers, while offering best-in-class customer service and training.
“I’m excited to partner with Fort Point Capital to take our company to the next level,” said Mr. Wolfe. “With their experience, insight and resources, WolfePak will continue to find ways to improve our software offering and better serve customers.”
“We are honored that Mr. Wolfe has chosen us as his partner. Thanks to its talented employees, WolfePak has built a software solution and reputation for customer service that are unmatched in the industry,” said Christina Pai, partner at Fort Point Capital. “We were impressed by how well Charlie and his team performed during this challenging energy environment, further demonstrating that customers consider WolfePak to be critical to their operations, while also saving them valuable time and money. We have confidence that the Company will continue to excel as additional operators, first purchasers, investors and service providers learn about WolfePak’s merits.”
Bell State Bank & Trust and GMB Mezzanine Capital provided debt financing for the transaction; Kirkland & Ellis and RSM advised Fort Point.
About Fort Point Capital
Based in Boston, Massachusetts, Fort Point Capital is a private equity firm that invests in lower middle market, service-oriented companies in partnership with strong management teams. Fort Point Capital is currently investing from FPC Small Cap Fund I. Please contact Fort Point at (617) 303-2121 or visit www.fortpointcapital.com.