PE-owned Sierra Hamilton acquires assets of GeoPro, launches new company

Sierra Hamilton, which is owned by Corinthian Capital Group, has acquired the assets of Hamburg, Germany-based GeoPro GmbH. No financial terms were disclosed. As a result of the transaction, Sierra Hamilton will launch GeoPro Geophysics, which will provide geophysical services to the oil sector. GeoPro Geophysics will be based in Houston while its engineering and processing center will remain in Hamburg.

PRESS RELEASE

HOUSTON–(BUSINESS WIRE)–Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC.
GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation company offering a variety of geophysical services to the oil industry.
“We continue to expand our capabilities beyond onsite engineering and supervision, into the realm of exploration,” Sierra Hamilton President Keith Grimes said. “This acquisition gives Sierra Hamilton another asset to bring to our clients in the industry and helps make a more powerful partner.”
GeoPro Geophysics’ headquarters will be in Houston and its engineering and processing center will remain in Hamburg. GeoPro Geophysics employs an experienced staff of geophysicists and instrument engineers who are supported by a team of qualified field technicians. The company provides a range of worldwide seismic services for both on and offshore data acquisition and processing. GeoPro Geophysics specializes in geoseismic services that are critical to understanding deep formations in offshore basins around the world through Ocean Bottom Seismographs and Wide Aperture Reflection/Refraction Profiling.
This acquisition is the latest by Sierra Hamilton, which formed at the end of 2013 through a merger of Hamilton Group and Sierra Engineering. Private equity firm Corinthian Capital Group owns Sierra Hamilton.
About Sierra Hamilton
Sierra Hamilton is one of the largest providers of outsourced engineering and onsite supervision services to the oil and gas industry. The Company has a highly experienced and well-established base of independent consultants, and has operations across the United States, in South America, the North Atlantic, Africa, Asia and Australia. For more information, please visit www.sierra-hamilton.com.
About Corinthian Capital Group, LLC
Corinthian Capital is a private equity firm investing in manufacturing, distribution, and service businesses with EBITDA between $5 million and $30 million and located primarily in North America. Corinthian Capital is based in New York, NY with additional offices in Chicago, IL and Boston, MA. For more information, please visit www.corinthiancap.com.

 

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