The E3 Company, LLC | Stephens

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Financial Advisor

The E3 Company, LLC

$46 Million 09/08/2023 Oilfield & Energy Infrastructure Services Complete
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Transaction Details

On September 8, 2023, Gladstone Investment Corporation (“Gladstone”) announced it partnered with Xyresic Capital ("Xyresic") to acquire The E3 Company, LLC (“TE3CO") from BlueWater Equity Partners (“BlueWater”)

  • Gladstone invested $46.0 million through a combination of senior secured debt and equity to complete the transaction
  • Headquartered in Kilgore, TX, TE3CO is a market leader in advanced pressure management solutions for oil and gas well completions
  • "The pressure management system that their team has developed is recognized as the gold standard across the industry" said Peter Roushdy, Executive Vice President and Managing Director of Gladstone Investment

About the company

TE3CO is a provider of mission-critical pressure relief technology and pressure bleed off and blowdown technology. Its electronically controlled Safety RAT, Relief Automation Technology, and Safety BAT, Bleed-Blowdown Relief Technology, function in place of traditional pressure relief valves and pressure pumping safety systems. For additional information, please visit

BlueWater Equity Partners
BlueWater is a Michigan-based private equity firm focused on equity investments in lower & mid-market, manufacturing and value-added distribution companies. BlueWater joins with management of high-quality, seasoned businesses where BlueWater can add substantial value through BlueWater’s capital, operational experience and business network. For additional information, please visit

Xyresic Capital
Based in Chicago, IL, Xyresic is a private equity firm specializing in developing strategic value creation plans with a strong operational focus to professionalize lower middle market businesses and drive growth. For additional information, please visit

Gladstone Investment Corporation
Gladstone is a publicly traded business development company that seeks to make equity and secured debt investments in lower middle market businesses in the United States in connection with acquisitions, changes in control and recapitalizations. To learn more visit

Sources: Company Websites and Press Release.
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