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 Unit^TM, 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

View original content:http://www.prnewswire.com/news-releases/scf-ventures-and-b-29-investments-announce-partnership-with-commando-pressure-control-300853637.html

SOURCE Commando Pressure Control

HOUSTON, Oct. 10, 2018 /PRNewswire/ -- Pelican Energy Partners ("Pelican"), a private equity fund focused on the oilfield service and equipment sector, is pleased to announce the sale of Houston Global Heat Transfer ("GHT") to Forum Energy Technologies (NYSE: FET).  Headquartered in Houston, TX with additional locations in Edmonton, Alberta and Midland, TX GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily in hydraulic fracturing equipment. GHT's flagship product, the Jumbotron, is a patented, high-performance radiator engineered specifically for the demands of today's pressure pumping equipment.  The Jumbotron's cube design offers considerable advantages as compared to conventional horizontal frac radiators, including significant cost savings from reduced downtime and less costly and less frequent maintenance, lower operating costs, greater noise reduction and Tier II/Tier IV engine emissions compliance.  GHT's technology is also used in cooling systems for drilling, vapor recovery, mining and power generation applications.

"Pelican invested in GHT in January 2017 to provide the company the growth capital it needed to expand its assembly and service capacity in Houston and invest in engineering, new product development and additional personnel prior to the recent market surge in pressure pumping newbuild orders," said John O'Brien, Managing Director of Pelican. "Since our investment, GHT has gained significant market share, commercialized its remote radiator monitoring system (Smart Radiator), opened a Midland aftermarket service facility and considerably expanded and advanced its R&D and new product portfolio.  It's been a privilege to partner with both Randy Vanberg and Derek Hjorth and to have been a part of the GHT story."

"Through the downturn, there was a record amount of frac equipment sitting on the sidelines.  Much of this equipment was built prior to 2013 and we saw an unprecedented opportunity for GHT to participate in the imminent recovery as well as take a leading market position and establish a sustainable brand," added GHT's President Randy Vanberg. "The Pelican team played a critical role in helping the company grow at exactly the right time.  We are happy and thankful to have partnered with Pelican."

Baker Botts L.L.P. served as the lead sell-side counsel on the transaction.  Simmons & Company International, the energy specialists of Piper Jaffray, served as the company's financial advisor for the transaction and also conducted the sales process.

Global Heat Transfer

Headquartered in Houston, TX with additional locations in Edmonton, AB and Midland, TX, GHT was founded in 1978 and is a leader in the design, assembly, service and repair of radiators, oil coolers, gas coolers and industrial cooling systems used in the pressure pumping, drilling and vapor recovery segments of the oil & gas industry.  GHT's flagship product, the Jumbotron, is a patented, high-performance radiator engineered specifically for the demands of today's pressure pumping equipment.

Pelican Energy Partners

Pelican Energy Partners is a Houston-based private equity fund specializing in strategic investments in small to middle-market, high-growth potential energy service and equipment companies with sustained earnings outlooks.  The firm has raised $563 million of committed capital and is investing out of its third fund.

Contact: John O'Brien
Pelican Energy Partners
(713) 559-7118

View original content:http://www.prnewswire.com/news-releases/pelican-energy-partners-realizes-investment-in-global-heat-transfer-300728339.html

SOURCE Pelican Energy Partners