HOUSTON--(BUSINESS WIRE)--SCF Partners is pleased to announce that Sean Rice and Colin Welsh are joining the firm.
Prior to joining SCF, Sean Rice was with Goldman, Sachs & Co. for 18 years and most recently served as head of Global Energy Investment Banking. Rice was a longtime member of the Merger Leadership Group and had previously served as Goldman’s head of Mergers & Acquisitions for the Global Energy Group. He also served as an advisor on capital markets transactions and activism defense, with particular focus on oilfield service and upstream clients.
Colin Welsh most recently served as Head of International Energy Investment Banking at Simmons & Company International. Welsh joined Simmons & Company in 1999 and built the firm’s activities outside of North America from the firm’s offices in Aberdeen, London and Dubai. Prior to joining Simmons & Company, he spent 16 years at Ernst & Whinney, Touche Ross and RMD.
L.E. Simmons, Founder and Chairman of SCF Partners, said, “We are thrilled about our future relationship with Sean and Colin. Their talents and experience will allow SCF to expand our capabilities and network required to continue to build global leaders in the oilfield services, technology and products segments for years to come.”
Sean Rice stated, “As an advisor to energy companies, I have been able to see first-hand the many financial and strategic benefits to companies of partnering with SCF. SCF has long been viewed as the private equity partner of choice for oilfield services companies globally and I am honored to be joining such an accomplished and respected group of professionals.”
Colin Welsh added, "It is a privilege to be associated with a firm with the track record and standing of SCF. I have worked with many private equity investors throughout my career and few can match the industry knowledge, experience and values of the SCF team."
About SCF Partners
Founded in 1989, SCF Partners (“SCF”) provides equity capital and strategic growth assistance to build leading energy service and equipment companies that operate throughout the world. The firm is headquartered in Houston, Texas and has additional offices in Calgary, Singapore and Aberdeen. SCF currently oversees approximately $2 billion under management and has built more than 70 platform services companies, completing over 400 growth acquisitions, through partnerships with energy services & equipment entrepreneurs.
For additional information about SCF, please visit SCF’s website at www.scfpartners.com.