Houston, TX, July 2014 – SCF is pleased to announce that its portfolio company, Nine Energy Service (Nine) has combined forces with Crest Pumping Technologies (Crest).
Nine, an oilfield services company that offers completion solutions and wireline services, has partnered with Crest Pumping Technologies (Crest), a premier provider of downhole cementing, acidizing and pump down services.
The partnership with Crest diversifies Nine’s service offerings and expands the company’s geographical footprint, specifically in the Eagle Ford. Nine currently operates in all major North American plays with more than 20 locations offering a full range of conventional and unconventional completions and wireline services.
“We are thrilled about this acquisition, it’s a tremendous win for us,” said Paul Butero, President and CEO of Nine. “Crest has an outstanding reputation and solid customer relationships. This acquisition creates strong organic growth potential for Nine by offering cementing and related services to applicable markets.”
Led and founded by David Crombie, Crest has strategically built a highly competent technical team, coupled with fully redundant cementing equipment to meet the expectations of operators for all complex unconventional and conventional wells.
Andy Waite, SCF Co-President, stated “SCF is very excited to work with David Crombie and his exceptional team. Nine and Crest are a great match not only because of complimentary services but also the similar cultures and entrepreneurial spirit of both companies.”
Crest has grown rapidly since it was established in 2011, with a diverse clientele and operations in the Permian, Eagle Ford and Barnett shale plays. With more than 300 highly trained employees, the Crest team will provide an additional area of expertise to the Nine brand.
Besides customized conventional and unconventional completions and wireline services, Nine offers its clients big company services with the responsiveness of a local supplier. The company brings years of experience into play with unmatched service and is committed to ensuring clients reach their goals in the most efficient and cost-effective way.
Nine is headquartered in Houston, Texas. Crest is headquartered in Ft. Worth, Texas, with operating locations throughout the state in Sweetwater, Pleasanton and Jacksboro.
About Nine Energy Service
Nine Energy Service, with more than 20 locations in North America, is a new completions and wireline company formed from the merger of four oilfield services companies. Nine offers significant experience in major North American basins along with a deep commitment to serving clients with customized solutions and world-class resources. To find out more about Nine Energy Service visit www.nineenergyservice.com.