EV Private Equity

EV Private Equity, established in 2002 and headquartered in Stavanger, Norway, is a private equity firm focusing on sustainable investments in the energy and technology sectors. With additional offices in Aberdeen and Houston, the firm targets medium-sized technology businesses across the United States, United Kingdom, Norway, and Canada. EV Private Equity has a proven track record, having engaged in over 4,000 deals, made thirty-seven investments, and successfully exited eighteen companies. Currently, the firm manages four funds with a total committed capital of $775 million, leveraging the extensive industry experience and networks of its professionals to identify and nurture impactful investment opportunities.

Shantanu Agarwal

Partner

Matt Anstead

Senior Partner

Matthew J. Anstead

Senior Partner

Pelle Bildtsen

CFO

Andrew Boland

Operating Partner

Kaivan Forouzesh

Associate

Einar Gamman

Senior Partner

Gregory Herrera

Senior Partner

Greg Herrera

Senior Partner

Kjell E. Jacobsen

Executive Chairman

Rune Jensen

Senior Partner

Per Arne Jensen

Senior Partner

Karem Kobayashi

Senior Associate

Rajat Maheshwari

Investment Manager

Jebb Peria

Associate

Espen Strøm

Senior Partner

Helge Tveit

Managing Partner

52 past transactions

Trainor

Acquisition in 2020
Trainor AS is an international company based in Tønsberg, Norway, specializing in e-learning and classroom training in the oil and gas, renewables, and utility sectors. Founded in 1996, Trainor provides a range of educational services, including tailor-made courses that offer internationally recognized accreditations. The company's offerings include FSE e-learning courses that simulate realistic work situations, as well as specialized training in electrical safety, automation, and hazardous areas. Trainor also offers technical consultancy services and hires qualified personnel to support clients in various industries. With additional offices in China, Singapore, Vietnam, South Korea, and Myanmar, Trainor aims to deliver high-quality training and consultancy solutions globally.

Enhanced Drilling

Acquisition in 2019
Enhanced Drilling is provides drilling solutions. It offers EC-Drill managed pressure drilling system; Riserless Mud Recovery system, a risk-reduction tool; managed pressure cementing system that provides precise control of the pressure and flow of returning cement; cuttings transportation system that is used in the offshore market; CannSeal, a proprietary annular isolation technology for enhanced oil recovery for zonal isolation and well integrity applications, as well as to support to plug and abandonment, and P&A activities.

Autobon AI

Pre Seed Round in 2019
Autobon Holdings, Inc. specializes in developing vehicle assistance software aimed at enhancing fuel efficiency, safety, and operational effectiveness for truckers and fleet owners. The company's innovative technologies, including Autobon Visor and CargoCam, facilitate the tracking and monitoring of cargo and trucks, thereby improving overall logistics management. Founded in 2016 and based in Rolling Meadows, Illinois, Autobon is committed to transforming existing semi-trucks into safer and more automated vehicles. By providing a low-cost autopilot platform, Autobon empowers America's truck drivers and fleets to engage with the evolving landscape of autonomous transportation.

SecondKeys

Pre Seed Round in 2019
SecondKeys unlocks the true potential of proactive property maintenance. Our property management platform is the first to provide a predictive maintenance system that includes 3 simple steps to help owners and tenants: WorkBetter, ManageBetter, LiveBetter. First, we provide every property an automated schedule for preventive maintenance. Then SecondKeys software monitors each task and requests, from notification through completion. Finally, we track repair frequency and identify smaller fixes that are proven to minimize larger, more expensive property costs.

Ashmin, LC

Private Equity Round in 2017
They develop reliable, innovative Downhole Drilling and Workover Tools for the oil and gas industry. Their projects include multi-year R&D programs, design and sustaining engineering, licensing and patenting, manufacturing, testing, product verification, tool sales, and repair and maintenance. They give their customers a unique edge second to none while maintaining strict confidentiality.

Ingrain

Venture Round in 2015
Ingrain is a provider of digital rock characterization services for the upstream oil and gas industry. With specialized expertise in shale and complex conventional rock formations, Ingrain's advanced technology services determine a full suite of petrophysical and multi-scale pore system properties to provide unique reservoir insight and help geoscientists and reservoir engineers find and develop their most productive rock.

Hannon Westwood

Venture Round in 2015
Hannon Westwood has been advising the oil and gas industry for over 18 years. Over the last five years They have provided board level insight leading to investments totalling $3.5 billion. They offer a wide-range of bespoke UKCS intelligence and portfolio business development services underpinned by Their team of experts and Their proprietary data systems. They are regularly asked to provide expert commentary by both the UK Government and key opinion formers within the oil and gas industry. Hannon Westwood was founded in 1993 by partners Jim Hannon and Charles Westwood, each of whom have over 30 years of industry experience. The established team of over 20 oil professionals have global E&P commercial and geo-technical experience for UKCS investment, giving clients access to the top industry expertise. Their advisory and intelligence services are underpinned by Their unique proprietary UKCS database, which includes over 4000 working interests in oil and gas, over 1500 prospects and 425 discoveries, as well as ownership and resource information for every block and field.

Romar

Venture Round in 2014
ROMAR’s core business is in the provision of magnetic separation products and services for the offshore oil & gas industry, but the company has also developed a number of complementary technologies associated with drilling fluids management. The ROMAR Packer Management System proactively monitors inflatable slip joint packers for evidence of wear or failure, thereby mitigating the risk of accidental mud spillage into the environment.

FourPhase

Venture Round in 2014
FourPhase, a solids management supplier. FourPhase is revolutionizing the way produced solids are managed by using our unique, patented and field-proven technology to help operators deliver a step-change increase in production while reducing cost per barrel. The company delivers state-of-the-art solids removal solutions, based on cyclone technology, used in topside – both upstream and downstream processing applications.

SageRider

Venture Round in 2013
SageRider Inc., a subsidiary of Madison Industries, is a Texas-based provider of oil and gas services located in Stafford. The company specializes in subsurface surveillance technology and fiber optics, along with reservoir evaluation and various innovative data collection methods. By combining a portfolio of technology-focused products with a project management service model, SageRider enables its clients to achieve significant cost savings while optimizing production and enhancing overall field development.

Reach Production Solutions

Venture Round in 2013
Reach Production Solutions delivers long-lasting production enhancement to multiphase wells. It specializes in multiphase wells, it has found a solution to costly good interventions when it comes to artificial lift or fact hit fluid recovery. Reach installs on the surface – meaning it’s quick, easy, and even more effective than traditional artificial lift techniques. It was founded in 2010 and headquartered in Houston, Texas.

Wireless Seismic

Venture Round in 2013
Wireless Seismic, Inc. develops and commercializes scalable wireless seismic recording systems with real-time onshore seismic data acquisition and transmission for geophysical contractors. The company offers RT System 3 and RT System 2, a cable-free and real-time seismic data acquisition system for conventional and unconventional seismic operations. Its systems are used in oil and gas exploration, hydraulic fracturing, industrial mineral, engineering, base metal exploration, coal gasification, ground water contamination, military engineering survey, and dam/safety engineering operations. The company was founded in 2006 and is headquartered in Sugar Land, Texas with offices worldwide.

DeepFlex Inc

Venture Round in 2013
DeepFlex, Inc., a Houston-based manufacturer of all-composite flexible pipe used in subsea oil and gas production environments.

Abrado Wellbore Services

Venture Round in 2013
Abrado Wellbore Services specializes in creating the optimum wellbore environment through the implementation of innovative downhole.

Halfwave

Venture Round in 2012
Halfwave has developed innovative cost-effective inspection tools and services for the oil & gas industry. Key to Halfwave´s offering is its patented ultra-wideband acoustic inspection technology (ART), giving penetration and measurement capabilities which exceed those of exisiting inspection technologies. The company has established ART as a superior technology for pipeline & subsea inspection. Their highly- qualified team continues to focus on exploiting the advantages of ART in the development of innovative inspection solutions.
HSEC leads in professional engineering. Through our consulting and expert services we make engineering better. Our talented people help reduce risk, decrease cost, ensure compliance and increase profit. We are committed to world class engineering and science: our relationships have a huge impact on the commercial success of our clients’ businesses.

Energy Drilling

Venture Round in 2012
Energy Drilling Pte Ltd, established in 2012 and based in Singapore, specializes in constructing and operating self-erecting tender assist drilling rigs for the offshore drilling market. The company is dedicated to providing high-quality service to oil and gas operators by leveraging the expertise of its highly skilled team, which has successfully managed the delivery of over ten new tender drilling rigs. Energy Drilling has played a significant role in developing specifications, overseeing construction, and operating tender rigs for major oil companies. Additionally, the company is committed to enhancing the efficiency and safety of tender-assisted drilling operations through innovative solutions, while also focusing on minimizing environmental impact and maximizing operational uptime for its clients.

Intelligent Well Controls

Venture Round in 2012
IWC was established in 2009 by experts in the field of downhole data transmission. With a core development team, their wall-mounted telemetry (WMT®) technology has been successfully taken from a concept to a high value field-proven service. Their development, production and operational teams are based at their centre of excellence in Aberdeen, UK, from where they operate globally. At IWC they understand the importance of Quality and Delivery. High value wells require products and services of the highest standard. Quality of product and service is at the core of what they do and their aim is to provide transformational services and products with the highest level of quality assurance.

2TD

Venture Round in 2012
2TD Drilling AS aims to become a leading supplier of advanced drilling tools for the oil and gas market.

Reach Production Solutions

Venture Round in 2011
Reach Production Solutions delivers long-lasting production enhancement to multiphase wells. It specializes in multiphase wells, it has found a solution to costly good interventions when it comes to artificial lift or fact hit fluid recovery. Reach installs on the surface – meaning it’s quick, easy, and even more effective than traditional artificial lift techniques. It was founded in 2010 and headquartered in Houston, Texas.

PWA

Series A in 2011
The foundation of PWA's technology offering is Osorb® media - a patented, regenerable media system which removes, free, dispersed and soluble hydrocarbons and toxic contaminants from oilfield water and gas streams. The primary market for Osorb is the treatment of produced water to meet discharge and reinjection specifications.

ProSep

Venture Round in 2011
ProSep is dedicated to providing process solutions to the upstream oil and gas ("O&G") industry. ProSep designs, develops, manufactures, and commercializes technology-based process solutions to treat oil, gas and water for the onshore and offshore O&G industry. In addition to offering a complete suite of conventional process solutions, ProSep commercializes its own proprietary technologies that aim to improve production output for customers while reducing operating expenses.

Wireless Seismic

Venture Round in 2010
Wireless Seismic, Inc. develops and commercializes scalable wireless seismic recording systems with real-time onshore seismic data acquisition and transmission for geophysical contractors. The company offers RT System 3 and RT System 2, a cable-free and real-time seismic data acquisition system for conventional and unconventional seismic operations. Its systems are used in oil and gas exploration, hydraulic fracturing, industrial mineral, engineering, base metal exploration, coal gasification, ground water contamination, military engineering survey, and dam/safety engineering operations. The company was founded in 2006 and is headquartered in Sugar Land, Texas with offices worldwide.

Geoteric

Venture Round in 2010
Geoteric looks beyond traditional seismic interpreter confines. Presenting data in an intuitive manner, our entire approach works in tandem with interpreters thought processes, specialising in transferring user knowledge into the data to determine the most efficient and safe operations. Geoteric is a global leader in the development and commercialisation of advanced 3D seismic analysis technology. We deliver innovative software that is changing the nature of productivity in seismic interpretation. Our current client base comprises more than 100 E&P companies worldwide including industry leading NOCs and integrated Energy companies.

Zilift Limited

Venture Round in 2010
ZiLift Limited, an oil and gas technology company, develops magnet technologies to put downhole pumps. The company provides TorqueDrive, a down-hole drive for progressing cavity pumps using permanent magnet motor and gear technologies; and SpeedDrive technology, a centrifugal pump designed for deploying on cable through the production tubing. The company was incorporated in 2009 and is based in Aberdeen, United Kingdom with a location in Bakersfield, California.

Stingray Geophysical

Venture Round in 2010
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

Red Spider

Venture Round in 2010
Red Spider is a technology company. It designs, manufactures, and supplies downhole solutions for flow control, completion, well intervention, and artificial lift applications to the oil and gas industry. The company offers well solutions, such as PVA, evolution valve, revolver valve, Optimus packer, disconnect, and reservoir isolation systems. The company also provides intervention equipment, which include injection valves, hydraulic RED products, eRED, velocity string packers, fluid support device, hydrostatic support valves, zonal equalization devices, modular straddle systems, retrofit straddle systems, dual zone injection management systems, pump-out plugs, and pinned melon equalizing assembly products. Red Spider was founded in 2003 and is headquartered in Stonehaven, Aberdeenshire.

Reality Mobile

Venture Round in 2009
Reality Mobile LLC specializes in mobile communications solutions, primarily through its flagship product, RealityVision, which facilitates real-time video and data sharing among field personnel, office staff, and management. This platform enhances communication and operational efficiency for various sectors, including government agencies, oil and gas, transportation, and security industries. The company also provides a range of additional services, such as managed hosting, custom solution development, and network design. Its offerings include specialized equipment like flyaway kits for rapid deployment and mobile surveillance systems. Founded in 2003 and headquartered in Herndon, Virginia, Reality Mobile operates globally, serving clients in multiple countries across North America, Europe, Asia, and the Middle East. The company's solutions are distributed through various partners, catering to both commercial and governmental needs, including emergency response and national security.

Oxane Materials

Venture Round in 2008
Oxane Materials, Inc. develops energy-focused nanoproducts. The company offers products in the areas of sour gas abatement technologies, PEM fuel cell membranes, and composite agents. Oxane Materials, Inc. was founded in 2002 and is based in Houston, Texas.

Zeropex

Venture Round in 2008
Zeropex has developed a technology that makes it possible to generate clean energy from pressure drops in fluid process systems.

Energreen

Venture Round in 2008
Energreen develops a technology that makes it possible to generate clean energy from pressure drops in fluid process systems, energy which previously was lost. The technology has a wide range of uses within offshore and onshore industries. Energreen AS was founded in 2006 by Trond Melhus, Jan Kristian Vasshus and Per Reidar Ørke.

Ingrain

Venture Round in 2008
Ingrain is a provider of digital rock characterization services for the upstream oil and gas industry. With specialized expertise in shale and complex conventional rock formations, Ingrain's advanced technology services determine a full suite of petrophysical and multi-scale pore system properties to provide unique reservoir insight and help geoscientists and reservoir engineers find and develop their most productive rock.

Fotech

Series A in 2008
Fotech, which is headed by Chief Executive Douglas Gibson, is developing optical fibre-based acoustic monitoring systems with a wide range of applications. These include applications for the oil and gas industry, which requires high-performance systems to detect pipeline leaks and other problems.

ARKeX

Series C in 2008
ARKeX is a geophysical service company that helps explorationists to gain a complete picture and a better understanding of subsurface geology. Through a multi-disciplinary and integrated approach, ARKeX delivers invaluable geological information to oil and gas exploration companies as well as the mining industry. Operating using a variety of techniques, technologies and methodologies, ARKeX provides the answers to meet today's exploration challenges.

Deep Casing Tools

Funding Round in 2008
Deep Casing Tools (formerly Futuretec) is managed by a team of seasoned industry professionals with more than 200 years of Oil and Gas experience between them. Deep Casing Tools’ products are designed by engineers, for engineers. They combine innovative design with precision engineering to develop and manufacture a suite of game-changing technology which enables oilfield engineers to land first time at target depth in the increasingly demanding wellbore conditions faced by today’s industry professionals.

Direct Drive Systems

Venture Round in 2008
Direct Drive Systems (DDS) is the world leader in the development and manufacture of high-speed, high-power synchronous motors and generators that utilize permanent magnet (PM) technology. DDS was spun off from Calnetix in 2004 to provide efficient and cost-effective high-power compression, pumping, and generation solutions for various applications in the oil and gas and process industries worldwide. DDS PM motors and generators operate up to 23,000RPM, currently provide up to 12MW (16,000HP) at the shaft, and couple directly to loads without gearboxes, increasing efficiency while reducing size, weight, and capital/operating costs.

Sigma Offshore

Venture Round in 2007
Sigma Offshore has developed a patented cost efficient combined mooring and flow line transfer solution.

Cubility

Venture Round in 2007
Cubility AS is a Norwegian company specializing in the manufacture of solids control systems for the oil and gas industry. Founded in 2004 and based in Sandnes, Norway, the company has developed the MudCube, an innovative vacuum-based filtration system that effectively removes solids from drilling fluids. This enclosed system presents a significant advancement over traditional shakers, enhancing well control and safety while minimizing environmental risks. The MudCube has been recognized as Proven Technology and is particularly noted for its ability to eliminate oil mist emissions, vibrations, and associated noise, thus improving the working environment for operators. Cubility's products are utilized in offshore rigs and drilling sites across various regions, including the North Sea, Middle East, and North America, and are distributed through various partners. The MudCube has been successfully implemented in notable projects, such as its first commercial installation on the Mærsk Giant in 2012.

Stingray Geophysical

Series A in 2006
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

PanGeo Subsea

Venture Round in 2006
PanGeo Subsea, a geotechnical service company, provides 3D acoustic imaging solutions to its clients. The company specializes in providing 3D acoustic imaging solutions to mitigate risk in offshore installation by imaging and identifying geo-hazards in the seabed and providing detailed soil stratigraphy. It offers services in Acoustic Corer technology that enables geo-hazard locating and imaging, high definition stratigraphic imaging, and mapping as well as in Sub-bottom Imager technology that is used in pre-route engineering surveys, decommissioning surveys, buried offshore pipe surveys, and unexploded ordnance survey support. PanGeo Subsea was founded in 2006 and is based in St. John's, Newfoundland.

Ziebel AS

Venture Round in 2006
Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time.

Stingray Geophysical

Venture Round in 2006
Stingray Geophysical provides reliable, cost-effective seismic Permanent Reservoir Monitoring (seismic PRM) solutions to the global oil and gas industry, enabling companies to improve their production and increase hydrocarbon reserves while reducing risk and cost.

ARKeX

Series B in 2005
ARKeX is a geophysical service company that helps explorationists to gain a complete picture and a better understanding of subsurface geology. Through a multi-disciplinary and integrated approach, ARKeX delivers invaluable geological information to oil and gas exploration companies as well as the mining industry. Operating using a variety of techniques, technologies and methodologies, ARKeX provides the answers to meet today's exploration challenges.

Norse Cutting & Abandonment

Venture Round in 2005
Norse Cutting & Abandonment offers oilfield services to firms in the oil and gas industries. The company’s product portfolio consists of subsea and surface. Subsea consists of drilling, completion, installation, production, and decommissioning. Surface consists of inspection, maintenance, repair, asset integrity, and data solutions. Furthermore, it provides entertainment systems, naval, marine, and space systems services to its clients. Norse Cutting & Abandonment was founded in 1999.

Sense EDM

Venture Round in 2005
Sense EDM manufactures and distributes a range of rigs and tubular handling systems for firms in the oil and gas industries. It was founded in 2000.

MTEM Limited

Series A in 2004
In 2001 Anton Ziolkowski, Bruce Hobbs and David Wright of the University of Edinburgh invented a new electromagnetic method to detect sub-sea and underground hydrocarbons. In 2003 they founded MTEM Ltd. to develop the technology and provide land and marine surveys to oil companies. In November 2004 MTEM Ltd. was launched from the University of Edinburgh with £7.4M of funding from three equal investors: HitecVision, Energy Ventures, and Scottish Equity Partners. MTEM Ltd. developed and built systems to perform land and marine transient electromagnetic surveys that can identify hydrocarbons before drilling, thus reducing the risk of drilling “dry” wells and saving millions of dollars per well. In June 2007 Petroleum Geo-Services (PGS) bought MTEM Ltd. for $275M. The University of Edinburgh’s share of the sale was £8.6M, of which £2.6M funded 164 PhD studentships. PGS continues to develop the technology.

Caltec

Venture Round in 2004
Caltec is a specialist production technology company focused on enhancing production from mature oil and gas fields. The company offers a range of products, including the Wellcom system, which improves production flow rates by reducing wellhead pressures, and the I-SEP system, which facilitates the partial separation of gas, oil, water, and solids. These technologies work together to significantly enhance production, recovery, and the longevity of oil and gas operations. Additionally, Caltec provides surface jet pumps and compact separation services, analyzing application viability and optimizing production processes. Through fluid analysis and simulation of complex systems, Caltec enables its clients in the oil, gas, and petrochemical industries to increase efficiency and output in their operations.

Advanced Production and Loading

Venture Round in 2004
Advanced Production and Loading (APL) is a market leader in the development, fabrication and sale of advanced systems for the offshore production, specialising in storage and transport of oil and gas by ships.APL was listed on the Oslo Stock Exchange in March 2005.

Omniware

Venture Round in 2003
Omniware AS provides enterprise level contract management, and health and safety management software. It offers Omnicom, a software solution for contract management with various modules, including contracts, supplier, supply groups, and strategies management, as well as e-commerce, and intersystem components and tools. The company provides Omnisafe, a comprehensive health and safety management system with various modules, including risk assessments and management, control of substances hazardous to health, incident and unsafe act reporting and investigating, auditing and monitoring, and statistical analysis and reporting, as well as staff training, records, and instruction.

Sense Intellifield

Venture Round in 2003
Andlinger and Company is a private investment and management firm that finances companies and technologies that benefit the global environment. It provides operational and management support if needed and works with management teams constructively as active board members. Andlinger and Company’s client base includes B2B or industrial clients. It also helps companies grow from local or regional producers to national and worldwide companies through establishment of agent networks, distributor networks, add-on acquisitions, or other. Andlinger and Company was founded in 1976 by Gerhard Andlinger. The company is based in the United States, Austria, and Belgium.

SeaBird Exploration PLC

Venture Round in 2003
SeaBird Exploration provides seismic services for the international oil and gas industry. The SeaBird Exploration group has played an active role in the seismic market since 1996 and is one of the largest provider of 2D, Source and Shallow water 2D/3D seismic services in the industry. Their independent position enables us to offer a full range of services to oil and seismic companies world wide. SeaBird Exploration’s main goals are customer satisfaction with commitment to quality, health, safety, environment, and service which are assured by compliance to Their QHSE program.