IGP Portfolio Company Redco Acquires Stonewall Energy
Redco Group (“Redco”), a leading independent player within the Canadian pressure control solutions market, has acquired the business assets of Stonewall Energy (“Stonewall”). Redco provides a broad suite of wellhead, frac completion products and related services for blue-chip, energy clients. Redco, headquartered in Edmonton, Alberta, Canada, was recapitalized by Industrial Growth Partners (“IGP”) and management in December 2018.
With locations in Red Deer and Grande Prairie, Alberta, Canada, Stonewall is a prominent provider of proprietary ball & dart launching technologies, frac rental equipment and associated field services. Stonewall’s patented technologies enable its Canadian and U.S. customer base to improve well completion performance in a cost-effective and environmentally-conscious manner.
“The team at Stonewall and their patented product suite will make Redco the market leader in both ball drop and dart completion solutions. Stonewall’s proprietary solutions are highly complementary to our existing technology portfolio, including our patented Multi-Well Frac Connector (MWFCTM) system, and will create significant value for our customer base. Our focus at Redco is simple: provide great people, world-class service and unwavering commitment to our customers across Western Canada and North America,” said Steve Forberg, Founder and CEO at Redco.
On May 7, 2021, Redco acquired Stonewall. Redco and IGP continue to seek add-on acquisitions that can enhance Redco’s position as a leading provider of pressure control solutions and related services for energy customers. To learn more about Redco, please visit www.redcogroup.ca.
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.