Advent International announced that Michael McShane has joined the firm's Operating Partner Program to advise on investment opportunities in the oil and gas services and equipment sector. Mr. McShane will work with Advent's deal team in the US, supporting the firm's investment activities globally.
Mr. McShane was previously the Chairman and Chief Executive Officer of Grant Prideco, the global leader in the development of drill stem
Mr. McShane left Grant Prideco in 2008 after its acquisition by National Oilwell Varco for $7.2 billion. Prior to joining Grant Prideco, Mr. McShane was the Chief Financial Officer of BJ Services, an international pressure pumping and oilfield services company. While at BJ Services, Mr. McShane helped grow the company from $350 million in revenues to $1.9 billion. He currently serves on the board of directors for two public companies, Complete Production Services and Spectra Energy, as well as two private companies.
David McKenna, Managing Partner and head of Advent International's North American industrials practice, said, "The oil and gas services
Commenting on his new role, Mr. McShane said, "Advent has a long track record of successfully investing in a diverse range of companies
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