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GeoSearch Acquired Oilfield services firm Reservoir Group has acquired GeoSearch Logging Inc for an undisclosed sum.Oklahoma-based GeoSearch is one of the largest well logging firms in the United States with 75 units across 12 locations.The deal will see all 232 GeoSearch staff transfer over to Aberdeen-based Reservoir’s existing surface logging service firm, Empirica. Reservoir Group has been a valued customer of RBS since the MBO of Corpro Group Ltd, sponsored by SCF Partners in 2007. Since this time RBS has supported Reservoir Group in more than 18 follow on acquisitions as part of their successful buy and build strategy which has seen the business grow significantly in size, geography and service offering. RBS.RBS acted as Agent and Joint Lead Arranger in the provision of acquisition finance in support of Reservoir Group’s acquisition of GeoSearch Logging Inc.The transaction was led by Cheryl Low, Director of Structured Finance, Aberdeen, RBS.
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ENDLESS SELLS STAKE IN ACENTA STEEL
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