PE-backed Variperm buys RGL Reservoir Management

Variperm has acquired RGL Reservoir Management, a Calgary-based maker of sand control and flow control products for heavy oil operators, and its affiliate Pacific Perforating

Variperm has acquired RGL Reservoir Management, a Calgary-based maker of sand control and flow control products for heavy oil operators, and its affiliate Pacific Perforating. No financial terms were disclosed. Variperm, a Calgary-based sand control products and services company, has been backed since 2014 by SCF Partners.

PRESS RELEASE

Calgary, Alberta – July 2021 – SCF Partners (“SCF”) is pleased to announce that Variperm Canada Limited (“Variperm”) has acquired RGL Reservoir Management Inc. and its wholly owned subsidiary Pacific Perforating, Inc. (“RGL”). The combined company, operating as Variperm, will be a leader in the sand and flow control space with operations in Canada and the United States.

The acquisition significantly enhances Variperm’s ability to support customers through an expanded product offering, patented technologies, an extended global footprint, and industry-leading manufacturing capacity. Variperm will continue to invest in innovative technologies to meet clients’ evolving needs. James Nurcombe, CEO of Variperm, with Jamie Olson as President, will continue to run the combined company.

“We are extremely excited about this next chapter in Variperm’s development. The RGL acquisition expands our business, creates more opportunities for our employees, and makes us better able to meet the current and future needs of our customers. Importantly, we welcome the RGL customers and employees to the Variperm team,” says James Nurcombe, CEO of Variperm.

About RGL
RGL is an international engineering, manufacturing and service company specializing in sand control and flow control technologies. The company offers a full range of sand control, flow control and downhole completion tools, as well as a suite of reservoir management tools. Headquartered in Alberta, Canada, RGL operates facilities across North America.

About Variperm
Variperm is a leading sand control products and services company specializing in custom filtration screens, flow control technology, gravel pack services, supply of quality cased hole fishing tools and services, well abandonment solutions, and a full suite of completion and work-over tools.