Announced
Completed
Financials
Tags
Friendly
Private
United States
Digital Services
asset performance management
Acquisition
Domestic
Minority
Private Equity
Completed
Single Bidder
Synopsis
Resurgens Technology, a software-focused private equity firm, completed the investment in Detechtion, a provider of real time asset performance management solutions. Financial terms were not disclosed. “Detechtion has established itself as a market leader in natural gas compression monitoring and optimization, serving as a trusted partner to some of the world’s leading gas producers and oilfield service providers. We look forward to helping the company expand its suite of solutions to serve the oil and gas market more deeply, as well as leverage their existing capabilities in new industrial segments facing similar asset monitoring and optimization challenges,” Fred Sturgis, Resurgens Managing Director.
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