TWMA, provider of specialised drilling waste management services both onshore and offshore, has announced its acquisition of US based Dynamic Oilfield Services in an “eight-figure deal”.
The move comes as TWMA continues to implement its growth strategy, focused upon internationalisation and service diversity.
Commenting on the acquisition, TWMA’s CEO Tony Branch said: “Dynamic’s strong presence within the US land market, added to the robust relationships it has developed with some of the USA’s most active operators, makes this a highly logical acquisition for TWMA as it seeks to increase its international presence.
“Retaining its recognised identity, Dynamic’s offerings will provide TWMA with a range of services that are complementary to our existing drilling waste management products and services such as TCC RotoMill, allowing us to provide our global client base with effective solutions to all of their drilling waste challenges and deliver value-based proposals across the well cycle.”
The acquisition has seen Bill Rouse appointed as TWMA’s North America Director. With over 30 years’ experience of leadership within the global oilfield service market, Rouse brings extensive strategic management and business development skills to bear within his new role.
Rouse said: “As a leader in the provision of drilling waste management solutions, TWMA’s capabilities will be employed in building upon Dynamic’s success to date, bringing TWMA products and services to the US market, and providing the design, engineering and global leadership experience required to transfer Dynamics capability to the international marketplace.”
TWMA is a portfolio company of Buckthorn Partners. The company employs over 500 people and has office, processing, manufacturing and service bases in Europe, the Americas, North Africa, West Africa and the Middle East.