SCF Acquires Newpark Fluids Systems
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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240913427560/en/
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240913427560/en/
Contacts
Paul Bateman
pbateman@scfpartners.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
www.businesswire.com
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
VSPO, the Largest Esports Company in Asia, Announces New CEO and International Brand Alignment to Hero Esports13.10.2024 11:44:00 EEST | Press release
China-based esports tournament organizer VSPO announced that it has appointed a new CEO and has engaged in an “international brand alignment,” renaming itself to “Hero Esports.” Danny Tang, co-founder and current CFO, will become the company’s new CEO, with the mission of expanding the company’s “operations and driving international growth.” Dino Ying, Founder and CEO of VSPO, will transition to Executive Chairman, to focus on exploring and creating the next generation of esports products and experiences. Additionally, dedicating more time to the Esports Asian Champions League (ACL), and to support the development of the Esports World Cup and the Olympic Esports Games. About VSPO (soon to be Hero Esports) Founded in 2016, VSPO is the biggest esports company in Asia, producing more than 7,000 matches every year that captivate an online fan base of over 800 million. With a global presence encompassing 14 office locations and eight top-tier esports arenas, VSPO offers a comprehensive suit
HONGQI EH7 and EHS7 Deliver Amazing Performance in the Media Test Drive13.10.2024 08:19:00 EEST | Press release
On October 11th, HONGQI held a new vehicle test drive event for European media in Paris, France, inviting more than ten mainstream automotive media representatives, including Agence France Presse, Le Journal de L'Auto, Auto Bild, and Motor1, to experience the excellent style of EH7 and EHS7. At the event, Mr. Liu Hongtao, the General Manager of HONGQI Overseas, introduced the HONGQI brand and the new vehicles, EH7 and EHS7. Meanwhile, Mr. Giles Taylor, the Vice President of Global Design and Chief Creative Officer of FAW Group, presented the aesthetic design of the vehicles. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241012601143/en/ HONGQI EH7 and EHS7 Deliver Amazing Performance in the Media Test Drive (Photo: Business Wire) Several media representatives were impressed by the driving experience of the EH7 and EHS7. Equipped with an electric drive system featuring a maximum power of 455kW and a torque of 756Nm, the two
Oakio Concludes Successful Participation at Batimat Paris 202411.10.2024 23:51:00 EEST | Press release
Oakio has successfully concluded its participation in Batimat 2024, held in Paris from September 30th to October 3rd. The event provided a valuable platform to showcase a range of innovative Wood-Plastic Composite (WPC) solutions, while also facilitating connections with industry professionals from across the globe. Highlighting Innovation and Sustainability At Batimat, Oakio presented its latest range of sustainable building materials, including decking, cladding, fencing, beam, and pergolas. These WPC products are crafted from a blend of recycled oak wood fibers and high-density polyethylene, offering superior durability, weather resistance, and low maintenance. The Elashield decking, recognized for its advanced slip resistance, attracted attention for its use in poolside and high-traffic areas. The Armstrong WPC pergola and Proshield WPC beam, with their enhanced protection against moisture, UV rays, and staining, also drew significant interest for their aesthetic appeal and long-la
SIAL Innovation Awards Prize Winners 202411.10.2024 18:27:00 EEST | Press release
SIAL Innovation is a global food innovation observatory, run in partnership with ProtéinesXTC, that reviews thousands of applications submitted by the show’s exhibitors every two years. Through SIAL Innovation, SIAL Paris recognises these innovations through about twenty theme-based awards allocated by category (dairy, seafood, frozen food, etc.), as well as special awards like the Own the Change (CSR) Awards, the Start-up Awards, and the Public’s Choice Awards for which the SIAL Paris ecosystem is invited to vote before and during the show. This 2024 edition features new special prizes such as the Top 3 Countries Awards, for the pick of the nations that have offered the most innovative products, and the Africa Awards. SIAL Paris is a trendsetter and offers visitors a unique insight into the future of global food through a dedicated area at the show featuring products from the SIAL Innovation selection. INNOVATION BOOSTED IN 2024 Quality and quantity: the SIAL Innovation 2024 Awards sh
Datos Insights Recognizes Laserfiche Customer Stonehage Fleming with 2024 Impact Award for Technology Transformation11.10.2024 17:00:00 EEST | Press release
Laserfiche — the leading SaaS provider of intelligent content management and business process automation — today announced that its customer, Stonehage Fleming, has won the Datos Insights 2024 Digital Wealth Management Impact Award for Technology Transformation. This award recognizes Stonehage Fleming’s innovation in leveraging Laserfiche’s suite of content management, process automation, integration, information governance and intelligent data capture tools to drive operational excellence across the organization. Stonehage Fleming, a leading international provider of wealth management and fiduciary services, addressed a number of challenges with its transformation, including inefficient legacy systems, increasing regulatory complexity, and meeting evolving client needs. To achieve its digital initiatives, the IT team adopted Laserfiche as a process orchestration engine across its 19 global offices. The team automated various legacy processes in the Business Development department whic
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom