TA Associates-backed MicroSeismic buys U.S. assets of Reservoir Imaging
MicroSeismic Inc has bought the U.S.-based assets of Reservoir Imaging Inc, a provider of microseismic and borehole seismic data acquisition and processing services based in Calgary. The acquisition, the price of which was not published, includes geospace equipment, wireline units, and equipment for downhole microseismic data acquisition services. Founded in 2003, MicroSeismic is an oilfield services company providing completions evaluation services and real-time monitoring and mapping of hydraulic fracture operations. The Houston-based company is a portfolio investment of U.S. private equity firm TA Associates, which in 2011 partnered with Madrone Capital Partners in the majority recapitalization of MicroSeismic.
27 January 2014•3 mins read
