The shareholders of The Mudlogging Company, Inc. have sold the company to SCF Partners for US$20 million.
The Mudlogging Company, Inc. provides analytical drilling services and products to the oil and gas drilling industry. A partial list of the company's reliable and functional product and services offerings include real-time mudlogging data acquisition, analysis and display; mudlogging hardware and software; manufacturing of complete mudlogging units; and rig instrumentation hardware and software. A significant new revenue stream will commence as soon as their latest invention goes into production. This superb new product will reduce drilling fluid usage and greatly reduce drilling costs.
SCF Partners is a global private equity company with a focus on energy service and equipment companies. SCF has built more than 50 platform service companies and completed over 275 growth acquisitions.
Oaklins' team in Dallas advised the seller in this transaction.
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