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.