February 5th, 2016, Toronto, Ontario, Calgary, Alberta – EnerTech Capital (“EnerTech”) is pleased to announce today that they have hired energy executive Chris Buckman as Vice President. Chris will be based in Calgary, Alberta and will be responsible for leading EnerTech Capital’s activities and building relationships within the Province and Western Canada. Chris will officially assume his position with EnerTech at the end of March 2016.
Chris is a seasoned executive from the Energy Industry and has held several significant senior management roles over the past 14 years in the Western Canadian Oil and Gas Industry. Chris’s most recent role was as the VP of Business Development at Moore Pipe and prior to that was VP Business Development of Ignite Energy Services and President of Ignite Frac Services. He has an extensive network in the Energy Industry and will help EnerTech continue to find innovative Energy Technology companies in Alberta and Western Canada.
“We are extremely excited to have Chris join the EnerTech team. With the recent decline in oil prices, we believe the opportunities for innovative new technologies that reduce the costs in the Energy Industry are even more attractive now than in the past. Alberta is one of the key markets for us in Canada and his extensive energy related background will help us source new energy technology deals and forge partnerships with global energy companies in the Province and in other parts of Western Canada. Chris brings significant domain knowledge and operating experience in the Energy Technology sector and helps support our strong focus in Canada. Chris will help us continue to develop significant linkages with the many emerging Energy Technology companies along with Strategic Partners and Co-Investors. We are extremely fortunate to have the strong support from LP investors such as Alberta Enterprise (AEC) and Newalta, who both have been extremely helpful in building our Alberta presence.” said Wally Hunter – Managing Director, EnerTech Capital.
“I am excited to help EnerTech Capital’s successful track record as a results-oriented, reputable and knowledgeable player in the global energy investment space. Calgary and Western Canada are amongst the most dynamic energy markets in the world and present tremendous opportunities for investors, technology developers and energy producers. I am eager to work with government and industry partners in the area and beyond to ultimately help deliver greater efficiency, reliability and cost effectiveness to the energy sector.” said Chris Buckman. EnerTech is currently investing from their fourth fund (EnerTech Capital Partners IV L.P.) and has made 11 investments in EnerTech IV with a recent exit (Distech Controls) which sold for $318 Million Canadian. EnerTech is continuing its strong focus on the significant energy related opportunities in North America.
About EnerTech Capital EnerTech Capital is a private investment firm focused on innovation in the energy and power industries: early to mid stage companies that offer products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million and has delivered 35 exits. EnerTech Capital is currently investing out of its fourth fund and has offices in Philadelphia, Toronto, Montreal and Calgary.
For more information visit: www.enertechcapital.com
CONTACT: Wally Hunter: 416-363-8563 whunter@enertechcapital.com
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