Houston, TX, January, 2014 – SCF is pleased to announce that, in partnership with management, it has acquired Coates Offshore, a division of Coates Group Holdings Pty of Australia.
Coates Offshore, a global provider of specialist rental equipment to the offshore oil and gas industry, became part of the Coates Group in 1999, having been in existence since 1970 as Rentair. The company will be returning to the Rentair name going forward and will be rebranding as Rentair Offshore.
The company’s core products of air compression and steam generation are designed to support the needs of major oil and gas operators and service companies in the production of oil and gas, well testing, high pressure pipeline testing, rig repair and maintenance operations, as well as drill cuttings handling and supporting the renewables sector.
With its headquarters based in Aberdeen, Scotland, Coates Offshore operates the largest global fleet of containerised air compressors and has operations throughout the North Sea, Africa, the Middle East, Australia, Southeast Asia and Brazil.
Andy Waite, Managing Director at SCF, commented, “SCF is excited to acquire Coates Offshore and to have the opportunity to work with the company’s talented management team and employees. We believe this will be an excellent platform for both organic and acquisition based growth opportunities. We also believe there may be excellent synergies to be realized with other companies in the SCF portfolio.”
For further information about SCF, contact:
Vice President, SCF Partners