SCF Partners Inc., a private equity firm based in Houston, has acquired Salt Lake City’s DeltaValve, a provider of patented solutions for delayed coking units used in refinery infrastructure. SCF also purchased Houston-based valves and controls manufacturer TapcoEnpro as part of the transaction. Both companies were previously owned by CIRCOR International.
“Thanks to the past support from the CIRCOR team, DeltaValve and TapcoEnpro have established a solid foundation that now positions us for remarkable opportunities to create value for our stakeholders,” said DeltaValve and TapcoEnpro CEO Steven Seals. “As we join forces with SCF in this exciting new phase, we are energized and confident about the future. SCF’s focus and impressive track record in the energy industry make them the perfect partner to accelerate our mission. Together, we are poised to expand our product and service offerings into new areas, while enhancing the exceptional customer support and industry partnerships we’ve cultivated.”
“We are thrilled to partner with DeltaValve and TapcoEnpro, brands with fantastic reputations in the refining and petrochemical sectors,” said Garrett Jackson, a director at SCF Partners. “For decades, these companies have set the standard for delivering specialized products and services that make critical infrastructure operations safer and more efficient. Aging energy infrastructure only increases the need for these critical solutions. Together with the leadership team, we look forward to driving continued success and uncovering new opportunities for growth and diversification.”
Terms of the transaction were not disclosed.