Leadership Team

Charles Cherington, Co-Founder and Chairman

Charles Cherington

Co-Founder and Chairman

Charles is the Chairman and a co-founder of Argus. He is a managing partner at Intervale Capital, LLC, a private equity firm he co-founded in 2006 dedicated to investing in middle-market energy service and manufacturing companies. Prior to that, he managed two smaller private equity firms focused on buyouts in the energy, transportation and manufacturing sectors. Charles has over 20 years of private equity experience. Before launching his first fund, Charles spent three years with British private equity fund in Vietnam. Charles also worked for Credit Suisse in New York.

Charles received an M.B.A., with honors, from the University of Chicago and a B.A. in History from Wesleyan University.

Charles is married with three sons and lives in Houston.

Troy Thacker, Partner

Troy Thacker


Troy is a Partner of Argus. He has over 22 years of financial and executive experience across the energy industry. Prior to Argus, Troy served as President and CEO of two different private equity backed companies, R360 Environmental Solutions, the nation’s largest drilling and production waste management provider for the oil and gas industry and Total Safety, Inc., a safety services and equipment company which serves multinational oil and gas, industrial and process industry customers in more than 26 countries. Prior to these roles Troy was a founding partner of Paine & Partners, LLC, a private equity investment firm that, along with its predecessors, managed over $3 billion in institutional capital.

Troy received an M.B.A. from Harvard Business School and a Bachelors of Science in Chemical Engineering from Rice University.

Troy is married with three children and lives in Houston.

Steve Cherington, Director

Steve Cherington


Steve is a Director of Argus. Prior to Argus, Steve served as a Director of Intervale Capital. He has more than 10 years of experience in oilfield services research. Prior to these roles, Steve was a Research Associate at Cherington Capital. He started his career as a Section Manager at MFS Investment Management, a mutual fund company with over $300 billion under management, where he oversaw a group that serviced investors.

Steve received a B.A. in Economics from Wheaton College (MA) and an M.B.A, with honors, from Kent Business School in Canterbury, England.

Steve lives with his wife and two daughters in Houston, Texas.