Vertice Oil Tools Expands its Leading-Edge Completions Portfolio with Acquisition of MorphPackers’ Assets
Summary
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. 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.