Vertice Oil Tools Acquires MorphPackers' Re-frac Assets

November 22, 2022

Vertice Oil Tools Inc. acquired substantially all assets of MorphPackers Limited to expand its re-completions and re-frac technology portfolio, adding products such as the MorphAnchor and STORM re-frac packers. The deal strengthens Vertice's ability to serve the growing re-frac market and complements its existing downhole completions product line; Vertice is backed by SCF Ventures (SCF Partners).

Buyers
Vertice Oil Tools Inc.
Targets
MorphPackers Limited
Sellers
MorphPackers Limited
Industry
Oil & Gas
Location
Scotland, United Kingdom
Transaction Type
Divestiture

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