Middle-market private equity firm Blue Wolf Capital Partners LLC has joined up with K2 Energy Capital LLC to identify and co-invest in energy services companies.
Both firms have focused on control investments in the past—New York-based Blue Wolf in middle-market companies and K2 Energy, based in Dallas, in energy services, including oilfield services, utility services and equipment manufacturing. K2 Energy’s founder and managing partner, Kevin Kuykendall, has served as a consultant for Blue Wolf for a year, and with the new partner arrangement, he joins the Blue Wolf investment team to work exclusively with the firm. The deal isn’t an acquisition of K2 Energy, but all future K2 investments will be made through the arrangement. The investments will be jointly sourced and executed, with the investments made through Blue Wolf Capital Fund III and with K2 Energy investing alongside.