The acquisition is part of Cimarron’s strategic plan to create a single source supplier of production, processing and environmental equipment and related services for US customers in the upstream and midstream markets, and for select international markets.
John Clarke, chairman of Cimarron Energy and a partner with the company’s equity sponsor Turnbridge Capital LLC, said: “The combination of Cimarron and Diverse creates a financially strong company with capabilities unlike most in the industry. It brings together two capable and highly motivated teams with deep experience in engineering and design, manufacturing, and field service. Together, we can offer customers a broad array of equipment ranging from standard products which are integral to the cost effective production of oil and gas, to highly customized solutions designed to address more complex production and processing applications, environmental compliance and measurement.”
Norman, Oklahoma-based Cimarron Energy manufactures oil and natural gas production equipment providing separation, flowback and environmental devices to exploration and production companies throughout the US. Cimarron was acquired in 2014 by Turnbridge Capital LLC, a private equity firm focused exclusively on energy services and equipment investments.
