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SCF-backed Centurion acquires Trido Energy Services

Centurion Group, majority owned by SCF Partners, has acquired Trido Energy Services, a Calgary-based provider of solar-powered production equipment.

Centurion Group, majority owned by SCF Partners, has acquired Trido Energy Services, a Calgary-based provider of solar-powered production equipment. No financial terms were disclosed. Based in Aberdeen, United Kingdom, Centurion is a supplier of critical rental equipment to the energy industry.

PRESS RELEASE

Calgary, Canada, April 2022 – Centurion Group (“Centurion” or “the Group”), a global leader in the supply of rentals and services to critical industries, is pleased to announce the acquisition of Trido Energy Services (“Trido”), a leading provider of sustainable and innovative solar-powered production equipment to the energy industries based in Calgary, Canada. This is the Group’s fifth acquisition, and third in Canada, in the last six months and is a continuation of its ambitious M&A growth plans.

The acquisition of Trido is a hugely important moment for Centurion, representing its first-ever acquisition of a renewable energy technology company – a truly transformational move that takes Group’s ESG strategy to the next level.

Trido’s equipment is powered by innovative solar technology, offering customers environmentally-friendly products that are simple to integrate with existing wellsite legacy technology.

Trido has developed a fully integrated end-to-end carbon credit management service utilizing their equipment to reduce customer greenhouse gas emissions and generate carbon tax credits. Carbon tax credits can be used by customers to assist with their journey to greener energy production and ultimately to achieving net-zero emissions.
Fernando Assing, Centurion’s CEO, said: “I am pleased to announce this exciting new acquisition and our continued investment in our Canadian business. Trido is an innovative technology business who shares our vision and values as they are committed to delivering some of the energy industry’s most sustainable and eco-efficient solutions. As a business, Centurion takes pride in doing the right thing and we look forward to having Trido part of our team, sharing their revolutionary zero-emission technology with our customers.”

Russ Graham, President of Trido, commented: “On behalf of everyone at Trido, we are excited to be a part of the Centurion family. Centurion has a reputation for delivering high-quality products and services to Canada’s energy industries and beyond. By working alongside Centurion’s highly respected Canadian brands, and supported by the Group’s substantial financial firepower, we will be able to offer our customers the very best zero-emission support and technology solutions that the industry can offer.”

About Trido
Trido Energy Services is a leading provider of sustainable and innovative solar powered products to the global energy industries and zero capital options for producers to meet emission reduction targets and ESG goals. For more information, please visit: https://www.tridoind.com/

About Centurion Group

Centurion is a global leader in the supply of critical services to the oil & gas, infrastructure, power, environmental and renewable energy industries. It combines the scale and the breadth of offerings via its four global geomarkets: US Land (USL); Canada Rentals & Services (CR&S), Canada Infrastructure (CINF) and Rest of World (RoW), with strong local presence in key energy markets like US, Canada, UK & Europe, Caspian, Middle East, Asia and Australia, to deliver value to customers around the world. For more information, please visit www.centuriongroup.co.uk.