Rubicon Oilfield International said Nov. 14 it acquired Top-Co Holdings Inc., strengthening the Houston company's portfolio of well construction solutions.
Founded in 1963, Top-Co supplies oilfield casing, cementing and completion products to customers around the world. Terms of the transaction weren't disclosed.
Rubicon said it plans to invest in the accelerated growth of all Top-Co product lines. This will leverage Rubicon's infrastructure to support Top-Co's customers in North America and around the world even more effectively, according to the release.
"The opportunity to combine the best-in-class engineering, manufacturing and customer service capabilities of Rubicon and Top-Co will immediately enable our global team to offer higher value and more comprehensive downhole solutions to customers as they address the challenges of drilling for oil and gas in increasingly complex environments," Michael Reeves, Rubicon's president and CEO, said in a statement.
Rubicon is backed by private equity firm Warburg Pincus. The company designs, manufactures and sells and/or rents oilfield products in every major oilfield market around the globe.
Recommended Reading
NextEra Energy Dials Up Solar as Power Demand Grows
2024-04-23 - NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination.
BCCK, Vision RNG Enter Clean Energy Partnership
2024-04-23 - BCCK will deliver two of its NiTech Single Tower Nitrogen Rejection Units (NRU) and amine systems to Vision RNG’s landfill gas processing sites in Seneca and Perry counties, Ohio.
Clean Energy Begins Operations at South Dakota RNG Facility
2024-04-23 - Clean Energy Fuels’ $26 million South Dakota RNG facility will supply fuel to commercial users such as UPS and Amazon.
Romito: Net Zero’s Costly Consequences, and Industry’s ‘Silver Bullet’
2024-04-22 - Decarbonization is generally considered a reasonable goal when presented within the context of a trend, as opposed to a regulatory absolute.