Warburg Pincus-backed Rubicon acquires World Oil Tools
World Oil Tools Inc, a Calgary maker and supplier of specialty inflatable products and technology consumed in downhole completions operations, has been acquired by Rubicon Oilfield International Holdings LP. No financial terms were disclosed. Rubicon, a Houston, Texas manufacturer of oilfield products, said the deal will strengthen its downhole completions solutions. Rubicon is backed by a line-of-equity investment of up to US$300 million from Warburg Pincus, a U.S. private equity firm. Last October, the company acquired Logan International Inc.
12 June 2017•4 mins read
