SCF Acquires Newpark Fluids Systems
14 Settembre 2024 - 2:40AM
Business Wire
SCF Partners, Inc. (“SCF”) is pleased to announce its
acquisition of the Newpark Fluids Systems business (“NFS”), a
leading global pure-play oil & gas and geothermal fluids
solution provider, from Newpark Resources Inc. (NYSE: NR). Newpark
Fluids Systems provides a full range of drilling & completion
products and related technical services supported by an innovative
digital modeling software suite, global supply chain and
infrastructure to enhance the efficiency and productivity of our
customers’ performance.
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Newpark Fluid Systems’ CEO, David Paterson, commented, “We are
thrilled to partner with SCF. This new partnership will be a source
of enormous value creation for both our customers and the entire
Newpark Fluids Systems team. Our global strategic growth plan will
now accelerate under a new and focused board with significant
energy experience and commitment. SCF’s unsurpassed track record of
success in the global energy services industry provides exciting
opportunities as we look to the future.”
Deviyani Misra-Godwin, Director at SCF Partners, stated, “For
over 25 years, Newpark Fluids Systems has maintained a leading
position in the drilling and completions fluids space worldwide,
improving customer performance by providing industry-leading
service quality. Newpark Fluid Systems’ global footprint, top
quartile safety performance, leading portfolio of technology and
preeminent position in the growing geothermal space will accelerate
success in the evolving energy landscape. Together with the
leadership team, we look forward to creating tremendous value for
our customers and employees in this next chapter of growth.”
Vinson & Elkins LLP acted as legal advisor to SCF in the
transaction.
About Newpark Fluids Systems
Newpark Fluids Systems provides drilling and completion fluids
products and related technical services to customers for oil,
natural gas, and geothermal projects primarily in North America,
Europe, the Middle East and Africa, as well as certain countries in
Asia Pacific. NFS utilizes a fluids-focused and global reach, local
knowledge approach to improve efficiency & productivity of
customer operations globally. For more information, please visit
www.newpark.com.
About SCF Partners
Founded in 1989, SCF provides equity capital and strategic
growth assistance to build and grow leading energy service,
equipment, and technology companies that operate throughout the
world. SCF has invested in more than 80 platform companies and made
more than 400 additional acquisitions to develop 18 publicly listed
energy service and equipment companies over its history. The firm
is headquartered in Houston, Texas, and has offices in Aberdeen and
Australia. For more information, please visit
www.scfpartners.com.
About Newpark Resources
Newpark Resources, Inc. is a site access solutions company that
manufactures, sells, and rents industry-leading sustainable
composite matting products, along with a full suite of services,
including planning, logistics, and remediation. Additional
information can be found at www.newpark.com.
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Paul Bateman pbateman@scfpartners.com
Grafico Azioni Newpark Resources (NYSE:NR)
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