SageRider Joins Madison Industries
Oil & Gas technology and information services leader SageRider, Inc. has joined the Madison Energy vertical of Madison Industries.
Founded in 2008, SageRider serves its customers from offices throughout the USA, Argentina, and Colombia. SageRider specializes in subsurface surveillance technology, complete with pressure/temperature sensor systems, fiber optics, reservoir evaluation, and a host of innovative data collection methods.
SageRider prides itself on delivering cutting edge technology and critical information to its customers real time. The proprietary technology associated with SageRider’s products and services translates into significant cost savings through maximizing production and overall field development optimization.
Madison purchased its ownership stake from EV Private Equity who successfully supported management in growing the business over the last five years.
The Founders and leadership team will continue to build their business as owners in SageRider.
Stan Wall, CEO of SageRider said
“In Madison, we could not have chosen a more dedicated partner to support our future growth and be our permanent home. I would like to thank my partners and our entire employee group for 10 years of extremely hard work and dedication to building a thriving business. I would also like to thank the entire group of EV Private Equity, and, in-particular, Shantanu Agarwal for their incredible support during the last several years.”
About Madison Industries
Madison Industries is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential.
About EV Private Equity
EV Private Equity is a global specialized oil and gas investor focusing on differentiated companies in the oilfield service segment. Typical investment for EV Private Equity is in profitable companies located in North America or in Europe. Since inception in 2002 EV Private Equity has invested in 53 companies in addition to executing numerous add-on investments in the various portfolio companies. EV Private Equity investment team consists of nine partners that are located in Stavanger (Norway), Aberdeen (UK) and in Houston (Texas).