Inverness Capital Partners, part of the Graham Group, and Shoemaker Investments have acquired oil and gas pipeline software house, Energy Solutions International. Following an initial $2 million investment earlier this year, Inverness is to inject up to $3 million of additional capital to fund growth opportunities and continue advancing Energy Solutions’ technologies.
Inverness’ Ken Graham said, ‘Our work to restructure Energy Solutions during the first investment phase is complete and the company is positioned to capitalize on the tremendous opportunities available in the midstream market. Energy Solutions provides best-in-class tools that help pipeline companies improve safety and throughput management and reduce operating costs, three very powerful benefits in today’s competitive environment.’
ESI’s flagship PipelineStudio optimizes offline planning and design simulation through advanced simulation of both natural gas and liquid pipelines. PipelineStudio leverages techniques such as steady-state and transient hydraulic analysis to deliver ‘quality business decisions’ and better financial performance. Once an offline engineering model of the pipeline network has been built, the same model can be embedded into custom applications to enhance specific business processes.
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