: info@renovocap.com : (214) 699-4960 | View Brochure HOME PORTFOLIO MEET THE TEAM NEWS CONTACT 23 Aug Summit Casing Equipment Acquires Gryphon Casing Solutions August 19, 2021 (Fort Worth, TX) – Summit Casing Equipment (Summit), a manufacturer of cementation products for the oil and gas industry, announced today it has acquired Gryphon Casing Solutions, LLC (Gryphon) a division of Gryphon Oilfield Solutions in an asset purchase. The acquisition is part of Summit’s strategy to grow market share in the cementation products segment in the oil and gas industry. Founded in 2005 in Elk City, Oklahoma and currently located in Fort Worth, TX, Summit designs and manufactures cementation products servicing oil and gas operations in the United States (focused on lower 48) and throughout the world. Andy Eldridge, President of Summit Casing Equipment commented, “It is exciting to increase our footprint in the US market. The acquisition will expand our customer base and strengthen Summit’s position in US land based well construction. In addition, our product offering will also expand with the addition of Gryphon’s SUREstart Toe Sleeve. We welcome the Gryphon employees to becoming part of the Summit team providing technical solutions and best in class service to operators in the industry.” About Gryphon Casing Solutions Gryphon Casing Solutions designs and delivers premium casing handling solutions in markets across the US and Latin America. Headquartered in Houston, TX, Gryphon has been providing innovative solutions to our clients’ casing handling needs since 2017, including the Blue Cap wet shoe system, Minotaur 10K float equipment, and the Integrated Shoe Track (IST). About Summit Casing Equipment Summit Casing Equipment (www.summitcasing.com) is based in Fort Worth, TX, with locations throughout the United States. The company manufactures a branded line of solid body centralizers, bow spring centralizers, composite centralizers, single piece centralizers, float equipment, stage tools, flotation subs and reamer shoes. Summit provides exceptional customer service throughout North America and international markets. The wide product offering and national reach allows Summit to quickly supply its customers to meet operational needs. About Renovo Renovo Capital, LLC (renovocapital.com) is a Dallas-based private equity fund that partners with business owners, entrepreneurs and management teams to invest in specialty manufacturing and business service companies. Renovo’s principals and network of operating professionals have decades of experience providing operational and strategic leadership to drive long term business value creation. Renovo Capital has offices in Dallas and Denver. Media Inquiries Renovo Capital Matt Farrell Office – 214.699.4968 matt.farrel@renovocap.com Summit Casing Equipment Andy Eldridge Office – 817.529.2400 andy.eldridge@summitcasing.com MOST RECENT PRESS RELEASES Renovo Capital Seeks Specialty Chemicals Investments Summit Casing Equipment Acquires Gryphon Casing Solutions Renovo Capital Expands Team Otodata Technologies USA Announces the Acquisition of Wise Telemetry Renovo Capital Announces the Merger of Global HR Research with Employment Screening Services Renovo Capital Announces the Acquisition of Otodata Wireless Network Renovo Capital Q3 Update Rochester Gauges Acquires Fozmula Limited Renovo Continues to Grow Rochester Gauges Acquires FPI Sensors ABOUT RENOVO Renovo Capital is a Dallas, TX – based lower middle market private equity fund comprised of seasoned operating and investing professionals. Renovo makes control investments in industrial businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 25 transactions and raised over $400 million of committed capital. CONTACT 14241 Dallas Pkwy, Ste 1230 Dallas, TX 75254 (214) 699-4960 info@renovocap.com Copyright © 2020 Renovo Capital - All rights reserved