SCF Partners, a leading private equity firm headquartered in Houston, Texas, has announced a significant expansion of its energy sector portfolio through the acquisition of DeltaValve and TapcoEnpro. These acquisitions, purchased from CIRCOR International, Inc., mark a strategic move for SCF, reinforcing its commitment to investing in and growing companies that are vital to the global energy infrastructure. DeltaValve and TapcoEnpro, both well-established and respected brands within the industry, bring decades of expertise and innovation to the Scf Partners Houston portfolio.
DeltaValve, based in Salt Lake City, Utah, is recognized for its patented and differentiated solutions for delayed coking units, a critical component in energy infrastructure. TapcoEnpro, with its primary operations in Houston, Texas, specializes in manufacturing high-quality severe-service valves and control systems. Their products are essential for enhancing automation, improving safety, and ensuring process reliability across numerous industries in over 50 countries. This acquisition underscores SCF Partners Houston’s dedication to supporting companies that deliver essential technologies and services to the energy sector.
Tony Najjar, President and CEO of CIRCOR, highlighted the strategic rationale behind the transaction, stating, “This transaction marks a significant milestone for CIRCOR as we continue to refine our strategic focus and further our commitment to advancing our core businesses and delivering value to our customers. DeltaValve and TapcoEnpro have delivered exceptional value through innovation and engineering excellence as part of our portfolio, and we are confident that SCF Partners will provide the resources and expertise needed to help drive their future success.” This divestiture allows CIRCOR to concentrate on its core business areas while ensuring DeltaValve and TapcoEnpro are positioned for further growth under SCF Partners’ ownership.
Steven Seals, CEO of DeltaValve and TapcoEnpro, expressed enthusiasm about the partnership with SCF Partners Houston, noting, “Thanks to the past support from the CIRCOR team, DeltaValve and TapcoEnpro have established a solid foundation that now positions us for remarkable opportunities to create value for our stakeholders. As we join forces with SCF in this exciting new phase, we are energized and confident about the future. SCF’s focus and impressive track record in the Energy industry make them the perfect partner to accelerate our mission. Together, we are poised to expand our product and service offerings into new areas, while enhancing the exceptional customer support and industry partnerships we’ve cultivated. Our commitment to Profound Value Creation has never been stronger, and we are ready to achieve extraordinary success.” This positive outlook from the leadership of DeltaValve and TapcoEnpro reflects the strong alignment and shared vision with SCF Partners Houston.
Garrett Jackson, Director at SCF Partners, further emphasized the strategic fit, stating, “We are thrilled to partner with DeltaValve and TapcoEnpro, brands with fantastic reputations in the refining and petrochemical sectors. For decades, these companies have set the standard for delivering specialized products and services that make critical infrastructure operations safer and more efficient. Aging energy infrastructure only increases the need for these critical solutions. Together with the leadership team, we look forward to driving continued success and uncovering new opportunities for growth and diversification.” This statement highlights SCF Partners Houston’s investment thesis and the synergistic potential of this acquisition.
DeltaValve and TapcoEnpro: Enhancing Energy Infrastructure Globally
DeltaValve has solidified its position as a global leader in designing, engineering, and manufacturing critical service equipment for delayed coking within the refining industry. Their automated coke drum unheading technologies are recognized globally for enhancing safety, reliability, and operational ease. By joining forces with SCF Partners Houston, DeltaValve is expected to further expand its reach and innovation in providing essential solutions for the energy sector.
TapcoEnpro brings a rich history dating back to 1946, evolving from Tapco International and Enpro Systems LTD to become a unified force in severe-service valves and control systems. Based in Houston, TapcoEnpro’s location is strategically important, aligning with SCF Partners’ headquarters and deep roots in the Houston energy market. TapcoEnpro’s product portfolio includes FCCU valves, actuators, and hydraulic power units, all engineered to exceed industry standards for safety and performance. Their commitment to preventing unplanned shutdowns and improving plant safety resonates strongly with the operational priorities of processing facilities worldwide.
SCF Partners: Houston’s Energy Investment Expertise
Headquartered in Houston, SCF Partners has established itself as a premier investment firm dedicated to the energy service, equipment, and technology sectors since 1989. With a strong Houston base, SCF leverages its deep industry knowledge and strategic growth assistance to build and scale leading companies across the globe. SCF Partners Houston’s extensive track record includes investments in over 80 platform companies and more than 400 add-on acquisitions, contributing to the development of 18 publicly listed energy service and equipment companies. This acquisition of DeltaValve and TapcoEnpro further demonstrates SCF Partners Houston’s ongoing commitment to strengthening its portfolio and supporting the evolution of the energy landscape.
Through this strategic acquisition, SCF Partners Houston not only expands its investment portfolio but also reinforces its position as a key player in the energy sector. The partnership with DeltaValve and TapcoEnpro is poised to drive further innovation, enhance customer service, and create significant value for all stakeholders, leveraging SCF’s Houston-based expertise and global vision.
Note: Terms of the transaction were not disclosed.
Advisory Roles
Vinson & Elkins LLP served as the legal advisor to SCF Partners in this transaction. Piper Sandler acted as the exclusive financial advisor, and Kirkland & Ellis LLP served as the legal advisor to CIRCOR.
Contact
Paul Bateman
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