Probe Technologies announces partnership with Turnbridge Capital

8/22/2017

HOUSTON -- Probe Technologies Holdings, Inc., a supplier of logging and reservoir monitoring technology to the global oil and gas and geothermal industries, announced that Turnbridge Capital has completed a growth recapitalization of the company alongside its experienced management team.

Federico Casavantes continues leadership of Probe as its president and CEO, while Gary Cresswell has joined to serve as executive chairman of Probe. Together with expanded financial and strategic resources, Probe is in a strong position to accelerate expansion of its product lines and increase its penetration in global markets.

“This strategic partnership allows us to commercialize key product development projects more rapidly," Casavantes said.

Financial terms of the transaction were not disclosed.

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