SeaFort Capital acquires majority stake in Titanium Tubing Technology
Canadian private equity firm SeaFort Capital has made a majority investment in Titanium Tubing Technology Ltd, a provider of coil tubing and nitrogen pumping services to oil and gas producers in Western Canada. The financial terms of the transaction were not released. Founded in 2006, the Lloydminster, Saskatchewan-based Titanium will continue to be led by CEO Pat Potter and COO Cory Potter, who have significant ongoing investments in the company. Executive Pat Powell also invested in Titanium and will serve as chairman. Other portfolio investments of the Halifax-based SeaFort include A.W. Leil Holdings Ltd, which was acquired in 2012.
3 July 2014•2 mins read
