Summit Casing Equipment Acquires Gryphon Casing Solutions
August 19, 2021
Summit Casing Equipment, a Fort Worth-based manufacturer of casing and cementation products, has acquired Gryphon Casing Solutions (a division of Gryphon Oilfield Solutions) in an asset purchase to expand Summit's product offering and U.S. land well construction footprint. The deal adds Gryphon's casing-handling products (including the SUREstart Toe Sleeve) and personnel to Summit and supports Summit's strategy to grow market share in the cementation products segment.
- Buyers
- Summit Casing Equipment, Renovo Capital, LLC
- Targets
- Gryphon Casing Solutions
- Sellers
- Gryphon Oilfield Solutions
- Platforms
- Summit Casing Equipment
- Industry
- Manufacturing
- Location
- Texas, United States
- Transaction Type
- Addon
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