HOUSTON–Scf Partners, a leading investment firm in the energy service and equipment sector, has announced the appointment of Hossam Elbadawy as their new Managing Director and Technology Partner. This strategic move underscores SCF Partners’ commitment to fostering innovation and technological advancement within the energy industry. Mr. Elbadawy will play a pivotal role in SCF Ventures, the firm’s early-stage and growth investment arm, and will also drive technology adoption across SCF’s extensive portfolio of energy companies.
Hossam Elbadawy, Managing Director and Technology Partner at SCF Partners (Photo: Business Wire)
Hossam Elbadawy: A Proven Leader in Energy Technology
قبل از پیوستن به SCF Partners، آقای Elbadawy شرکت O&G Technologies، یک مرکز نوآوری فناوری انرژی مستقر در هوستون را تأسیس و مدیریت کرد. His impressive background includes over 24 years in the energy sector, marked by significant contributions to technology development and commercialization. Prior to joining SCF Partners, Mr. Elbadawy was the founder and manager of O&G Technologies, an energy technology incubator based in Houston. His experience also includes serving as Senior Operating Partner at Lime Rock Partners and as CEO of Tercel Oilfield Products, a company he led until its acquisition in May 2016. His extensive career also includes nearly 17 years at Schlumberger, where he held the position of Global Vice President of Manufacturing and managed Schlumberger’s Rosharon Technology Center and Houston Product Center. This rich and diverse experience positions Mr. Elbadawy as a key asset to SCF Partners and their strategic vision.
SCF Partners Expands Technology Focus with SCF Ventures
David Baldwin, Co-President of SCF Partners, highlighted the strategic importance of this appointment. “Our team dedicated a significant portion of 2017 to identifying the optimal approach to invest in early-stage companies. Partnering with Hossam and O&G Technologies surpasses our initial expectations. Hossam’s deep industry knowledge, extensive experience, and strong reputation are unparalleled. SCF Partners has a long-standing history of investing early in emerging trends and backing the industry’s best management teams. While the increasing adoption of technology is a key trend we are enthusiastic about, we are even more thrilled to partner with a pioneering entrepreneur as we expand our early-stage and growth investments.” This partnership signals SCF Partners‘ proactive approach to embracing technological advancements in the energy sector.
A Strategic Vision for Energy Sector Innovation
Mr. Elbadawy expressed his enthusiasm about joining SCF Partners, stating, “I am incredibly excited to become part of the SCF Partners team. SCF Partners stands as a global leader in energy service investing, with an exceptional 30-year track record of building companies that continue to shape the industry long after SCF Partners’ successful exits. I am honored to join such a distinguished and highly respected team.”
The launch of SCF Ventures demonstrates SCF Partners‘ dedicated focus on technology and early-stage growth investments within the oil and gas industry. It is widely recognized that the energy industry is undergoing a transformative phase, where technological innovation is crucial for driving cost reduction and enhancing efficiency. This evolving landscape has fostered a greater receptiveness among customers to adopt new technologies. SCF Ventures is poised to be at the forefront of this evolution by acquiring an ownership stake in Mr. Elbadawy’s existing O&G Technologies portfolio and by making further growth investments in technology and product-centric companies. SCF Partners is strategically positioning itself to capitalize on the technological shifts within the energy market.
About SCF Partners
Founded in 1989, SCF Partners is a private equity firm providing equity capital and strategic support to build industry-leading energy service and equipment companies worldwide. Headquartered in Houston, Texas, SCF Partners also has offices in Calgary, Singapore, and Aberdeen. With approximately $2 billion under management, SCF Partners has a proven history of building over 70 platform service companies and completing more than 300 growth acquisitions through partnerships with energy service and equipment entrepreneurs. SCF Partners is recognized for its deep industry expertise and commitment to building successful and sustainable businesses in the energy sector.
For more information about SCF Partners, please visit the company’s website at www.scfpartners.com.
Contacts
SCF Partners
Theresa Eaton, 713-227-7888
[email protected]
