SCF Acquires Newpark Fluids Systems
SCF Partners has acquired Newpark Fluids Systems (NFS) from Newpark Resources Inc. (NYSE: NR). NFS is a global provider of drilling & completion products and technical services for the oil & gas and geothermal industries. The acquisition aims to accelerate NFS's global strategic growth plan under a new board with significant energy experience. David Paterson, NFS's CEO, expressed enthusiasm about the partnership, expecting it to create value for customers and employees. Deviyani Misra-Godwin, Director at SCF Partners, highlighted NFS's leading position in the drilling and completions fluids space, its global footprint, safety performance, and technology portfolio as key factors for future success in the evolving energy landscape.
SCF Partners ha acquisito Newpark Fluids Systems (NFS) da Newpark Resources Inc. (NYSE: NR). NFS è un fornitore globale di prodotti per la perforazione e completamento e servizi tecnici per le industrie del petrolio e del gas e geotermiche. L'acquisizione mira ad accelerare il piano di crescita strategica globale di NFS sotto un nuovo consiglio con una significativa esperienza nel settore energetico. David Paterson, CEO di NFS, ha espresso entusiasmo per la partnership, prevedendo che possa creare valore per clienti e dipendenti. Deviyani Misra-Godwin, Direttore di SCF Partners, ha sottolineato la posizione di leadership di NFS nel settore dei fluidi per perforazione e completamento, il suo impatto globale, le performance di sicurezza e il portafoglio tecnologico come fattori chiave per il successo futuro nel panorama energetico in evoluzione.
SCF Partners ha adquirido Newpark Fluids Systems (NFS) de Newpark Resources Inc. (NYSE: NR). NFS es un proveedor global de productos de perforación y finalización y servicios técnicos para las industrias de petróleo y gas y geotérmica. La adquisición tiene como objetivo acelerar el plan de crecimiento estratégico global de NFS bajo una nueva junta con una significativa experiencia en energía. David Paterson, CEO de NFS, expresó entusiasmo por la asociación, esperando que genere valor para los clientes y empleados. Deviyani Misra-Godwin, Directora de SCF Partners, destacó la posición de liderazgo de NFS en el espacio de fluidos para perforación y finalización, su huella global, el rendimiento en seguridad y su portafolio tecnológico como factores clave para el éxito futuro en el panorama energético en evolución.
SCF 파트너스는 Newpark Fluids Systems (NFS)를 Newpark Resources Inc. (NYSE: NR)로부터 인수했습니다. NFS는 석유 및 가스와 지열 산업을 위한 시추 및 완공 제품과 기술 서비스를 제공하는 글로벌 공급업체입니다. 이번 인수는 NFS의 글로벌 전략 성장 계획을 가속화하기 위한 것으로, 에너지 분야에서 중요한 경험을 가진 새로운 이사회 아래 진행됩니다. NFS의 CEO인 David Paterson은 파트너십에 대한 기대감을 표현하며, 고객과 직원에게 가치를 창출할 것으로 기대하고 있습니다. SCF 파트너스의 이사인 Deviyani Misra-Godwin은 NFS가 시추 및 완공 유체 분야에서 선도적인 위치를 차지하고 있으며, 글로벌 입지, 안전 성과 및 기술 포트폴리오가 변화하는 에너지 환경에서 미래 성공의 핵심 요소라고 강조했습니다.
SCF Partners a acquis Newpark Fluids Systems (NFS) auprès de Newpark Resources Inc. (NYSE: NR). NFS est un fournisseur mondial de produits de forage et d'achèvement et de services techniques pour les industries pétrolière, gazière et géothermique. Cette acquisition vise à accélérer le plan de croissance stratégique mondial de NFS sous un nouveau conseil d'administration doté d'une expérience significative dans le secteur de l'énergie. David Paterson, CEO de NFS, a exprimé son enthousiasme concernant ce partenariat, s'attendant à ce qu'il crée de la valeur pour les clients et les employés. Deviyani Misra-Godwin, directrice chez SCF Partners, a souligné la position de leader de NFS dans le domaine des fluides de forage et d'achèvement, son empreinte mondiale, ses performances en matière de sécurité et son portefeuille technologique comme des facteurs clés pour le succès futur dans un paysage énergétique en constante évolution.
SCF Partners hat Newpark Fluids Systems (NFS) von Newpark Resources Inc. (NYSE: NR) erworben. NFS ist ein globaler Anbieter von Bohr- und Fertigstellungsprodukten sowie technischen Dienstleistungen für die Öl- und Gas- sowie die Geothermiebranche. Die Akquisition zielt darauf ab, den globalen strategischen Wachstumsplan von NFS unter einem neuen Vorstand mit erheblicher Energieerfahrung zu beschleunigen. David Paterson, CEO von NFS, äußerte seine Begeisterung über die Partnerschaft und erwartet, dass sie einen Mehrwert für Kunden und Mitarbeiter schafft. Deviyani Misra-Godwin, Direktorin bei SCF Partners, hob NFS' Führungsposition im Bereich der Bohr- und Fertigstellungsflüssigkeiten, die globale Präsenz, die Sicherheitsleistung und das Technologiek portfolio als Schlüsselfaktoren für zukünftigen Erfolg im sich wandelnden Energiemarkt hervor.
- Acquisition by SCF Partners may accelerate NFS's global strategic growth plan
- NFS has maintained a leading position in drilling and completions fluids for over 25 years
- NFS has a global footprint and top quartile safety performance
- NFS has a leading portfolio of technology and a preeminent position in the growing geothermal space
- None.
Insights
The acquisition of Newpark Fluids Systems (NFS) by SCF Partners marks a significant shift in the oil & gas services sector. This move could potentially reshape the competitive landscape in drilling and completion fluids. While financial details are not disclosed, the deal likely involves substantial capital, given NFS's global presence and technological assets.
For investors, this acquisition signals SCF's strategic expansion in the energy services industry, potentially leading to increased market share and revenue opportunities. The focus on geothermal fluids is particularly noteworthy, aligning with the growing trend towards renewable energy sources. This could position SCF favorably in the evolving energy transition landscape, potentially yielding long-term benefits for stakeholders.
However, investors should closely monitor how SCF integrates NFS's operations and leverages its global infrastructure to drive growth and profitability in a volatile energy market.
This acquisition reflects a broader trend of consolidation in the energy services sector, as companies seek to strengthen their market positions and diversify their offerings. NFS's expertise in both traditional oil & gas and emerging geothermal markets makes it a strategic asset for SCF Partners.
The deal could potentially lead to improved operational efficiencies and enhanced service offerings, benefiting customers in the drilling and completions sector. The emphasis on NFS's digital modeling software suite suggests a focus on technology-driven solutions, which could be a key differentiator in a competitive market.
From an investor perspective, this move by SCF Partners indicates confidence in the long-term prospects of the energy services industry, despite ongoing volatility in oil prices and increasing focus on renewable energy sources. The acquisition's success will largely depend on SCF's ability to leverage NFS's strengths and navigate the evolving energy landscape.
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
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
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
Source: SCF Partners
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