SCF Ventures leads the Series A investment round of growth equity into Kinetic Pressure Control, a leading designer, and manufacturer of innovative wellhead and pressure control equipment.
HOUSTON – July 17th, 2018 – SCF Ventures is proud to announce a growth equity investment in Kinetic Pressure Control. Existing shareholders join SCF Ventures in this round, as well as new investor Transocean, the world’s leading provider of offshore contract drilling services. Together with their investment partners, Kinetic Pressure Control will bring to market a variety of innovative pressure control products.
Kinetic Pressure Control Founder and CEO Bobby Gallagher reports, “it is our aim to disrupt the current blow out preventer paradigm with unmatched shearing and pressure control technology. Our flagship product, the Kinetic Blow Out Stopper, will ‘Shear Anything’ above the bit and ‘Shut In’ on fully-flowing blowout conditions. Our new partnership with SCF Ventures and Transocean brings Kinetic Pressure Control’s vision one step closer to reality.”
SCF Ventures is an early stage investment vehicle within SCF Partners, focused on new products and technologies in the energy service sector. SCF Ventures provides differentiated capital to young oilfield service companies.
SCF Partners, headquartered in Houston, Texas, with offices also in Aberdeen, Singapore, and Calgary, is a private equity firm focused solely on building energy services, equipment, and technology companies. SCF has completed more than 400 energy services investments and helped build 17 public companies in its nearly 30-year history. SCF partners with operational management and assists with additional growth through acquisitions and geographic expansion initiatives to build leading companies across the globe. Current investments from active funds include Nine Energy Service (NYSE: NINE), Select Energy Services (NYSE: WTTR), Forum Energy Technologies (NYSE: FET), NESR (NASDAQ: NESR), Centurion Group, as well as a group of others.