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News

SCF Portfolio Company, Vautron, Acquires Austrailian Based Fluids Storage and Management Company

Perth, Australia, April 2014 – SCF is pleased to announce its Australian based company, Vautron, has partnered with the management of Grizzly Energy Services, a fluids storage and management services company.

Grizzly Energy Services, founded in 2012, provides fluids management services to the Australian oil and gas industry and is focused on offering frac support via its “total fluids management” approach. Grizzly, known for its proprietary Flexipond systems, is currently expanding into a full suite of fluids services including water transfer, chemical treatment, water filtration and all ancillary services.

Vautron is a diversified oilfield and minerals services provider throughout onshore and offshore Australia, New Zealand and Southeast Asia. The company has a longstanding reputation in Australasia and provides wireline, well testing, production, workover, surveying and logging services for the Mining and Oil and Gas industries.

Leigh Rigg, CEO of Vautron, commented, “Vautron is excited to team up with Grizzly Energy Services and its experienced management team. We have been impressed with Grizzly’s approach to become a total fluids management provider and look forward to exploiting the synergies that exist between the two companies which will enable us to deliver a fully integrated frac support solution.”

Craig Vandenborn, President of Grizzly Energy Services added, “Strong complimentary growth and pull-through opportunities for our respective services exist between Grizzly and the Vause Wireline division of Vautron. Together we will provide the only turnkey frac support solution in Australasia. We are excited about the future of the company.”

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