Top-Co was founded in 1963 and now supplies casing, cementing and completion products, Rubicon said in a release.
Rubicon, which is backed by private equity giant Warburg Pincus, said it plans to use its financial strength to further invest in the Top-Co business.
“The opportunity to combine the best-in-class engineering, manufacturing and customer service capabilities of Rubicon and Top-Co will immediately enable our global team to offer higher value and more comprehensive downhole solutions to customers as they address the challenges of drilling for oil and gas in increasingly complex environments,” Rubicon chief executive Michael Reeves said when announcing the deal.
