Jim McColl has vowed to press on with an ambitious acquisitions programme after announcing the sale of his ClydeUnion pumps company to SPX, the US engineering group, for £750m in cash. Mr McColl – chairman and majority owner of Glasgow-based Clyde Blowers, of which ClydeUnion has until now been a subsidiary – said he would…
Rockwater Energy Solutions Announces Successful Completion of Four-Way Combination
HOUSTON—(BUSINESS WIRE)— Rockwater Energy Solutions, Inc. announced today the closing of a combination transaction amongst four separate companies – Benchmark Performance Group, Inc., EnerMAX Services Limited Partnership, Red Oak Water Transfer, Inc. and Reef Services Holdings, Inc. – to form Rockwater Energy Solutions, Inc. (Rockwater). Houston-based Rockwater provides fluids management and environmental solutions to the…
New Energy Products Company Formed through Five-way Merger, Forum Energy Technologies
Forum Energy Technologies (FET) announced today the closing of a merger among five separate companies, Forum Oilfield Technologies, Triton Group, Subsea Services International, Global Flow Technologies, and Allied Technology, to form FET. Houston based FET is a global provider of manufactured and applied products to the global energy industry with approximately $700 million in annual…
Nautronix acquired by SCF Partners
Nautronix and Chief Executive Officer Mark Patterson today announce the acquisition of Nautronix by SCF Partners and members of the Nautronix senior management team. As a global private equity firm for energy services investment, SCF Partners (“SCF”) is headquartered in Houston, Texas, with representative offices in Calgary and Aberdeen. SCF has been providing equity capital…
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