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Vertice Oil Tools Expands its Leading-Edge Completions Portfolio with Acquisition of Gryphon Oilfield Solutions’ Assets
Houston, TX – October 27, 2021 – Vertice Oil Tools Inc. (“Vertice”), a leading provider of downhole completions technology, has acquired substantially all the completions assets of Gryphon Oilfield Solutions, LLC (“Gryphon”). This acquisition expands Vertice’s geographic footprint and enhances Vertice’s ability to provide its customers with innovative completions solutions. Mohamed Saraya, CEO of Vertice…
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Select Energy Services Expands its Leading Water Infrastructure Platform with Acquisition of Agua Libre Midstream and Other Water Assets from Basic Energy Services
Houston, TX – October 2021 – SCF Partners (“SCF”) portfolio company Select Energy Services, Inc. (NYSE: WTTR) (“Select”) has successfully closed on the acquisition of substantially all the assets of Agua Libre Midstream, LLC (“Agua Libre”) and certain water-related assets and operations of Basic Energy Services, L.P. (“Basic”). This acquisition further increases Select’s production related…
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Nine Energy Service Introduces Electric Wireline Units, Significantly Reducing the Carbon Footprint of Operations
Houston, TX – September 2021 – SCF Partners (“SCF”) portfolio company Nine Energy Service (NYSE:NINE) (“Nine”) has introduced an electric wireline unit that allows operators to pursue carbon-reduction objectives while maintaining project efficiencies. Along with lower emissions, e-wireline provides a multitude of advantages over traditional wireline trucks, including delivering four times the power. “At Nine,…
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Pipeline Plastics Adds Capacity for Natural Gas Distribution Applications, Expanding Their Utility Offerings and Customers
Westlake, TX – September 2021 – SCF Partners portfolio company Pipeline Plastics (“PLP”), a leading manufacturer of high-performance polyethylene pipe, is excited to announce that they have added medium density polyethylene (MDPE) pipe manufacturing capacity to expand their offerings for natural gas distribution (NGD) applications in the utility sector. Mike Leathers, CEO, adds “Pipeline Plastics’…
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Vice President Hugh Sheppard Relocates to Australia, Strengthening SCF’s Presence in the Asia-Pacific Region and Energy Transition Strategy
Adelaide, Australia – August 2021 – SCF Partners is pleased to announce Hugh Sheppard’s relocation to Australia, where he will support existing portfolio companies in the region and identify new investment opportunities in the service and equipment sectors supporting LNG, mining, renewables and other energy sources. Hugh will also continue to remotely support the wider…
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Frontier Tubular Solutions Announces the Promotion of Tony Branco to CEO and the Strategic Acquisition of Applied Plastics
Houston, TX – August 2021 – SCF Partners (“SCF”) is pleased to announce the appointment of Tony Branco as CEO of Frontier Tubular Solutions, LLC (“Frontier”). Tony moves to the CEO position from his current role as the President of Permian Enterprises, a division of Frontier. He previously successfully built and sold a tubular services…
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Variperm Announces the Acquisition of RGL, Creating a Global Leader in Sand and Flow Control Technologies and Solutions
Calgary, Alberta – July 2021 – SCF Partners (“SCF”) is pleased to announce that Variperm Canada Limited (“Variperm”) has acquired RGL Reservoir Management Inc. and its wholly owned subsidiary Pacific Perforating, Inc. (“RGL”). The combined company, operating as Variperm, will be a leader in the sand and flow control space with operations in Canada and…
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SCF Portfolio Company Select Energy Services Announces the Acquisition of Complete Energy Services, Enhancing its Water Service Offerings and Adding Significant Water Infrastructure
Houston, TX – July 2021 – Select Energy Services, Inc. (NYSE:WTTR) (“Select”) announced that it has acquired Complete Energy Services, Inc. (“Complete”), an operating subsidiary of Superior Energy Services, Inc. (“Superior”). The acquisition will help Select strengthen its geographic footprint, grow its water infrastructure portfolio and further diversify the company’s revenue to be more production…
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SCF Partners Announces Investment in Hydrasun, a Global Leader in Fluid and Gas Transfer Solutions for the Oil and Gas, Industrial, and Renewables Sectors
Aberdeen, Scotland – July 2021 – SCF Partners (“SCF”) is pleased to announce its investment in Hydrasun Ltd (“Hydrasun”), a provider of fluid and gas transfer equipment, services, and technology. Bob Drummond, CEO of the company since 2002, and the senior management team will continue to serve in their current roles and will maintain an…