HOUSTON, May 21, 2019 /PRNewswire/ -- SCF Ventures and
B-29 Investments are proud to announce a growth equity investment
in Commando Pressure Control. Together with its investment
partners, Commando will bring to market a variety of innovative
pressure control products for upstream completions operations.
Commando's Founder and CEO, Joe
Boyd, reports, "Our objective is to get more stages in the
ground per day. We execute on this by aligning technology with our
customer's ever-growing drive to gain efficiencies as more
aggressive downhole-designs are implemented. The Mobile Zipper
UnitTM, our anchor technology, delivers a strong
value-proposition by allowing the customer to pump at higher rates
for longer intervals while reducing NPT, man-hours, and safety
incidents. Our partnership with SCFV and B-29 provides us with the
support to bring next-gen frac technology to market."
SCF Ventures is an early stage investment vehicle within SCF
Partners, focused on providing differentiated capital to emerging
companies to develop new products and technologies in the energy
services sector. B-29 seeks strategic partnerships with talented
entrepreneurs and seasoned management teams to help them achieve
their professional goals while enhancing shareholder value.
ABOUT SCF:
SCF Partners, headquartered in Houston, with offices also in Aberdeen,
Singapore, and Calgary, is a
private equity firm focused on building energy services, equipment,
and technology companies. SCF has completed more than 400 energy
services investments and helped build 17 public companies in its
nearly 30-year history. SCF supports 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), NESR (NASDAQ: NESR), and
Centurion Group.
ABOUT B-29:
B-29 Investments, headquartered in
Dallas, is a private equity firm
focused on making investments in the energy space. Since its
inception over twenty years ago, B-29 has made investments in
private and public companies exhibiting sound business models
within rapidly-growing industries. Traditionally, B-29 has deployed
capital to energy opportunities in the oilfield services,
exploration and production, and midstream infrastructure
markets.
Learn more about Commando and its MZU technology at
www.commandopressurecontrol.com.
Contact: info@commandopressurecontrol.com
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SOURCE Commando Pressure Control