Combination creates a global oilfield products and equipment company
HOUSTON — Rubicon Oilfield International announced it has acquired Top-Co Holdings Inc., a global leader in the supply of oilfield casing, cementing and completion products.
Terms of the transaction were not disclosed.
This transaction further strengthens Rubicon’s robust portfolio of Well Construction solutions, enabling the organization to offer one of the industry’s leading brands of primary cementing equipment to its customers, the company said in a press release.
“Rubicon is extremely honored to add the extraordinary people and highly respected products of Top-Co to our organization,” said Michael Reeves, President & CEO of Rubicon.
Backed by a significant capital commitment from Warburg Pincus, a leading global private equity firm, Rubicon will invest in the accelerated growth of all Top-Co product lines, leveraging Rubicon’s infrastructure to enable the employees of Top-Co to support their customers in North America and around the world even more effectively.
“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,” said Reeves.