SCF Partners announced the acquisition of the Newpark Fluids Systems business (NFS), a leading global pure-play oil and gas and geothermal fluids solution provider, from Newpark Resources. Newpark Fluids Systems offers a full range of drilling and completion products and related technical services supported by an innovative digital modeling software suite, global supply chain, and infrastructure to enhance customers’ performance efficiency and productivity.
Newpark Fluids Systems offers 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, global reach, local knowledge approach to improve the efficiency and productivity of customer operations globally.
Vinson & Elkins LLP acted as legal advisor to SCF in the transaction.
KEY QUOTES:
“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.”
-Newpark Fluid Systems’ CEO David Paterson
“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.”
-Deviyani Misra-Godwin, Director at SCF Partners
