HOUSTON – June 17, 2020 – Wellbore Integrity Solutions (WIS) and Lee Energy Systems (LES) jointly announce a strategic, operational, and distribution alliance agreement for Lee Energy Systems’ portfolio of innovative products and technologies. Under the terms of the agreement, Wellbore Integrity Solutions shall have exclusive rights in numerous countries globally to market and provide … Read more
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
In the agreement for WIS to acquire the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, we are pleased to announce that 15 of the 25 legal entities we set as our goal have been completed. By setting up these legal entities, WIS has broadened its presence around the globe … Read more
In our mission to be a global leader in wellbore integrity products and services, we are pleased to announce that Wellbore Integrity Solutions (WIS) has joined OFS Portal as a supplier member, allowing us to be better positioned in the market within a short period of time while giving us access to an already established large legal framework of agreements with our customers and their networks.
Ron Melnyk, Chief Operating Officer, presented to a group of employees on Monday regarding updates on the acquisition of assets announced in May. After the presentation there was a short Q&A and all were assured the transaction is still on target for a Q4 close. Town Hall Presentation (PDF)
Wellbore Integrity Solutions (WIS) received US regulatory approvals 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 Road in Houston, Texas, as announced on May 14, 2019. The transaction is valued at approximately $400 million. WIS continues to … Read more