Vertice Oil Tools Inc., an oilfield products and services company and backed by SCF Ventures, an investment vehicle within SCF Partners, has purchased substantially all of the assets of MorphPackers Ltd., a manufacturer of steel packers.
Morph is focused on re-frac and production packers for the oil and gas sectors and serves customers globally. The deal looks to drive Vertice’s re-completions capabilities and allow Vertice to better address the growing re-frac market.
“Morph’s innovative products, including its cementable production MorphAnchor and Storm re-frac packers, enhance Vertice’s ability to provide its customers with a comprehensive re-frac technology offering, including ultra-slim liner hangers, expandable steel and open hole packers, and slim hole frac plugs,” comments Mohamed Saraya, CEO of Vertice.