Houston, TX, May 2012 – SCF is pleased to announce that it has joined forces with downhole services provider, CDK Perforating www.cdkperforating.com. CDK, founded in 2006, offers a range of completion and production services from cased-hole completions and ongoing remedial services including pressure control and pipe recovery, as well as retrievable bridge plug and TCP services. The company operates in Texas, Oklahoma, Ohio, West Virginia and Pennsylvania. SCF has invested alongside management in the company.
Chris Payson, one of the founders and leaders of CDK stated, “It is hard to fully express the extent of our enthusiasm over our new partnership. We are extremely excited about the closing. I believe that SCF is the best in the business and we (CDK) could not have gained a better partner. As stewards of this investment in CDK by SCF, we will work to achieve our goals and continue the track record SCF is known for.”
Andy Waite, Managing Director, SCF Partners, stated, “The team at CDK is one of the most dynamic teams in the industry. It is an excellent company and we couldn’t be happier about partnering with the team at CDK. We look forward to building a large downhole services company together.”
For further information about CDK, contact:
For further information about SCF, contact:
Vice President, SCF Partners