May 24, 2021, Houston, Texas – SCF Partners is pleased to announce that Mr. Steve Lockard has joined SCF as an Operating Partner. Lockard, the former CEO and current Chairman of TPI Composites (“TPI”), joined TPI (NASDAQ:TPIC) in 1999 and led the company’s transformation from a New England based recreational composite boat builder to become the largest independent global wind blade manufacturer. The company employs over 15,000 employees, with manufacturing facilities in the US, Mexico, China, Turkey and India, and additional operating and engineering centers in Denmark and Germany.
Steve also recently helped spearhead the creation of the newly established American Clean Power Association (ACP), whose mission is to provide cost-effective and low carbon energy solutions, while also creating jobs and positive economic development for the US.
SCF Co-President, David Baldwin, stated, “We are thrilled with the addition of Steve as an Operating Partner to our team. Steve brings deep operations and ‘company building’ experience, having built TPI to a nearly $2 billion revenue global manufacturing leader. Steve also has deep knowledge, entrepreneurial skills, and contacts that will be helpful to SCF and our portfolio companies in developing value creating opportunities to benefit from the energy transition.
Steve Lockard stated, “I am delighted to have the opportunity to join the team at SCF Partners. SCF has a strong reputation and long history creating leaders across many energy service, product, and technology segments. I am excited to work with them to develop new manufacturing and service leaders that map onto the energy transition going forward.”
SCF Partners provides capital and strategic growth assistance to build leaders in energy service, product, and technology markets throughout the world.