Transaction Updates

News Release – Wellbore Integrity Solutions Announces the Restoration of the Red Baron Brand Name

HOUSTON, August 17, 2021 (GLOBE NEWSWIRE) – Wellbore Integrity Solutions (WIS) today announced that it is bringing back the Red Baron brand name for its Fishing and Remedial product line. The Red Baron brand name has a strong reputation for knowledge, performance, quality, and a responsive commitment to customers. The reintroduction of Red Baron reflects the … Read more

Wellbore Integrity Solutions and Well-SENSE Technology UK Ltd Announce Business Cooperation Agreement for the Provision of Fiberline (FLI) Intervention Tools and Services

March 2021 – Wellbore Integrity Solutions (WIS) and Well-SENSE Technology UK Ltd jointly announce a business cooperation agreement for the provision of Fiberline (FLI) Intervention Tools and Services. “FLI Technology from Well-SENSE is truly a game-changing technology and we are excited to be a partner in the growth of this service globally”, stated David MacNeill, … Read more

Wellbore Integrity Solutions Announces the Opening of Wellbore Integrity Solutions Saudi Arabia Ltd. in Dammam, Saudi Arabia

HOUSTON – March 9, 2021 – Wellbore Integrity Solutions (WIS) today announced the opening of our office in Dammam, Saudi Arabia. By transitioning over operations in Saudi Arabia resulting from the acquisition announcement made in January 2020, Wellbore Integrity Solutions is solidifying our presence in the Kingdom. Saudi Arabia plays an important role as a … Read more

Wellbore Integrity Solutions and Reactive Downhole Tools Announces Exclusive Licensing Agreement for the CHIMERA Product Line of Wellbore Cleanout Tools

    HOUSTON – December 4, 2020 – Wellbore Integrity Solutions (WIS) and Reactive Downhole tools (RDT) jointly announce an exclusive global licensing agreement for the Reactive CHIMERA suite of Wellbore Cleanout tools. “The CHIMERA portfolio is a great addition to the core business of WIS and the outstanding reputation the Reactive name has within … Read more

Wellbore Integrity Solutions Introduces ProMILL Duo, Dual Casing Section Milling System

HOUSTON – November 12, 2020 – Wellbore Integrity Solutions (WIS) announced today the release of the ProMILL Duo, Dual Section Milling System. The ProMILL Duo provides an innovative, cost-saving solution for Well Abandonment applications, where the integrity of the abandonment zone requires the efficient creation of a milled section in two casing sizes. “As the … Read more

Wellbore Integrity Solutions, a portfolio company of Rhône Capital, announces closing of the acquisition of Fishing and Remedial, DRILCO, and Thomas Tools from Schlumberger

HOUSTON – January 2, 2020 – Wellbore Integrity Solutions (WIS), a portfolio company affiliated with private equity firm Rhône Capital, today announced that WIS has completed the acquisition of businesses and associated assets of Fishing & Remedial, DRILCO, and Thomas Tools from Schlumberger. As part of the initial closing, WIS acquired businesses and assets in … Read more

Wellbore Integrity Solutions & Rhône Capital to Acquire Fishing and Tubulars Businesses and Assets from Schlumberger

HOUSTON, May 14, 2019—Wellbore Integrity Solutions (WIS), an affiliate of private equity firm Rhône Capital, and Schlumberger today jointly announced that they have entered into an agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with part of a manufacturing facility located on Rankin … Read more