Parent Company
In January 2007, Subsea Services International, Inc. (Subsea) purchased Offshore Joint Services. Subsea is in turn, owned by SCF Partners with management retaining a small ownership percentage. You can learn more about SCF Partners at www.scfpartners.com. SCF is a private equity investment firm that specializes in oil and gas service and supply companies. The current portfolio of companies includes companies with $5.3 billion in revenues.
Two of these companies are public companies:
Complete Production Services — $1.8 billion, NYSE symbol CPX
Flint Energy Services — $2.0 billion, Toronto symbol FES
Former SCF holdings include:
Price-Gregory — North America's leading land pipeline construction company with revenues of $1.4 billion
Varco — now comprising half of National Oilwell Varco (NOV) a $13 billion revenue company
Hornbeck Offshore — offshore supply vessels
NuFlo — now the flow measurement division of Cameron
World Oil — publisher of several industry magazines
and numerous other companies.
Affiliated Company - C&L Pipeline Equipment
Offshore Joint Services is the largest operating company in Subsea Services International. Subsea Services International also owns C&L Pipeline Equipment, Inc. C&L rents specialty equipment to the land pipeline construction industry. See www.candlequipment.com for more information. C&L rents:
Pipe Bending Machines
Bending Sets
Bending Mandrels
Internal Lineup Clamps
Pipe Handling Equipment
C&L is located in Conroe, Texas
Affiliated Company - PT Subsea Services Indonesia
PT Subsea Services Indonesia provides repair, field joint coating and custom coating services in Indonesia. It is located in Batam, Indonesia.