| April 27, 2018 – Houston, Texas
SCF Partners (“SCF”) is pleased to announce that it has closed on its latest fund, SCF Fund IX, at the targeted amount of $800 million. The funds will continue to be focused on investments in the energy services and equipment industry. 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 16 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), Gulf Energy Services, Centurion Group, BCCK, as well as a group of others. Anthony DeLuca, Managing Director and CFO of SCF, commented, “We are grateful to have the support and confidence of our investors. Our longstanding partnership with many of the premier foundations, endowments and family offices allows us to continue to partner with the industry’s top entrepreneurs and take advantage of what we believe will be a compelling investment period over the next 5 – 10 years.” A portion of the new fund will be allocated to funding early stage energy technology investments through SCF Ventures, with the preponderance of SCF Fund IX capital focused on continuing the approach of previous SCF funds, to partner with leading entrepreneurs to build energy service and equipment companies around the world.
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| The SCF Mission
Partner with management teams to build enduring and successful energy service companies, |
For further information about SCF, contact: Theresa Eaton
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