SCF completed the acquisition of Newpark Fluids Systems from Newpark Resources.

SCF, a private equity firm, completed the acquisition of Newpark Fluids Systems, a global pure-play oil & gas and geothermal fluids solution provider, from Newpark Resources, a full range of drilling & completion products and related technical services. Financial terms were not disclosed. “We are thrilled to partner with SCF. This new partnership will be a source of enormous value creation for both our customers and the entire Newpark Fluids Systems team. Our global strategic growth plan will now accelerate under a new and focused board with significant energy experience and commitment. SCF’s unsurpassed track record of success in the global energy services," David Paterson, Newpark Fluid Systems CEO.