Vertice Oil Tools Expands its Leading-Edge Completions Portfolio with Acquisition of MorphPackers’ Assets
HOUSTON–(BUSINESS WIRE)–Vertice Oil Tools Inc. (“Vertice”), a leading provider of downhole completions and re-completions technology, has acquired substantially all the assets of MorphPackers Limited (“Morph”). This acquisition bolsters Vertice’s re-completions capabilities, enabling Vertice to address the rapidly growing re-frac market.
Mohamed Saraya, CEO of Vertice commented, “We are excited to announce the complementary acquisition of Morph’s re-frac business. Morph’s innovative products, including its cementable production MorphAnchor™ and STORM™ re-frac packers, enhance Vertice’s ability to provide its customers with a comprehensive re-frac technology offering, including ultra slim liner hangers, expandable steel and open hole packers, and slim hole frac plugs.”
Vertice is backed by SCF Ventures, an investment vehicle within SCF Partners, focused on providing differentiated capital to high growth companies to develop new products and technologies in the energy services sector.
About Vertice Oil Tools
Headquartered in Stafford, TX, Vertice Oil Tools, Inc. is an oilfield products and services company specializing in downhole completions and re-completions tools. Vertice’s proprietary Edge plug is a patented, “ball-less” frac plug, enabling operators to frac without pump-down fluid while providing a bypass contingency in the event of misfires or presets. In addition to its Edge plug, Vertice designs and manufactures several innovative products including V-Release re-frac liners, Hy-Form steel packers, Apex dissolvable casing floatation plugs, and Optimus toe sleeves.
To learn more, visit www.verticeoiltools.com.
About SCF Partners
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 18 public companies in its over 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. To learn more, go to www.scfpartners.com.
Contacts
Alex Goodwin
