SCF Partners and TD Williamson, the world leader in pipeline infrastructure maintenance, announce investment partnership
TULSA, Okla.–(BUSINESS WIRE)–SCF Partners (“SCF”) and TD Williamson, Inc. (“TDW”) are pleased to announce an investment partnership. SCF, an investment company in the energy sector, has invested in TDW, a world leader in intervention and insulation, inspection and pigging products and services for the collection, transport and pipeline industry distribution. TDW helps maintain critical assets around the world, serving customers on 6 continents in more than 100 countries.
Founded in 1920, TDW has been a leader in the pipeline maintenance and integrity industry for over 100 years. The company has nearly 500 filed and pending patents and has pioneered key technologies such as cleaning scrapers, caliper inspections, hot tapping and capping, which have been essential to maintaining critical assets. well-maintained, safe and operational pipelines around the world. Customers in the pipeline industry always turn to TDW to help them solve their most complex technical challenges.
“This partnership uniquely positions TDW’s brand and cutting-edge technology with SCF’s deep financial and strategic expertise to create a strong, growth-oriented business for the future,” said Robert McGrew, President. and CEO of TDW. “I look forward to building on what makes TDW unique today and seizing the new opportunities that the partnership with SCF will bring.”
“SCF is honored to partner with a reputable company like TDW,” said David Baldwin, Partner at SCF. “The Williamson family has built an outstanding business over the past 100 years, and SCF is thrilled to be part of this next chapter of TDW. We have always admired the company’s dedication to its employees, customers and the industry. We look forward to working with the family and management to build on their past successes and grow the business in this new energy cycle.
“With the global demand for energy and its ever-changing requirements posing significant operational and strategic challenges to the industry we serve, we welcome the opportunity to work alongside SCF to further improve and develop our service and our support to our customers. We look forward to our second century of serving the energy industry with SCF as our partner and collaborator,” said Dick Williamson, Chairman Emeritus.
“TDW is known for its world-class products and services, focus on safety and integrity, and innovative solutions that ensure critical energy products reach their end markets safely,” said Deviyani Misra-Godwin. , vice-president of SCF. “We look forward to supporting TDW in continuing to maintain existing assets, as well as leveraging their expertise and experience to build and maintain the infrastructure that will be needed for a successful energy transition in the future. »
About TD Williamson
TD Williamson (“TDW”) serves the gathering, transportation and distribution sectors of the pipeline industry with a global portfolio of products and services, including advanced insulation, integrated pigging and integrity assessment. With onshore and offshore applications, TDW offers extensive pipeline maintenance and asset optimization activities. TDW cultivates long-term relationships with pipeline operators that last for the life of a pipeline. To learn more, visit www.tdwilliamson.com.
About SCF Partners
Founded in 1989, SCF provides equity capital and strategic growth assistance to create and grow leading energy services, equipment and technology companies that operate around the world. SCF has invested in over 70 platform companies and made over 400 additional acquisitions to grow 18 publicly traded energy services and equipment companies over its history. The company is headquartered in Houston, Texas, with offices in Calgary, Singapore, Aberdeen and Australia. Learn more at www.scfpartners.com.
Raymond James & Associates, Inc. served as the exclusive financial advisor to TDW. Vinson & Elkins LLP served as exclusive legal counsel to SCF. Crowe & Dunlevy, Baker Botts LLP and Allen & Overy LLP served as exclusive legal advisors to TDW.