SCF Partners Expands Its Leadership Team with the Addition of Hossam Elbadawy and Launches SCF Ventures

Hossam Elbadawy has joined SCF Partners to lead and expand the fund’s
technology and high growth investment efforts through SCF Ventures, and
encourage the adoption of emerging technologies across the existing SCF
portfolio.

HOUSTON–(BUSINESS WIRE)–SCF Partners is pleased to announce that Hossam Elbadawy is joining the
firm as Managing Director and Technology Partner. His responsibilities
will span from making early stage and growth investments via SCF
Ventures to facilitating technology adoption and differentiation across
the existing SCF portfolio.

Prior to joining SCF, Mr. Elbadawy founded and managed O&G Technologies,
a Houston-based energy technology incubator. Mr. Elbadawy brings over 24
years of experience in the energy sector, with a particular expertise in
technology development and commercialization. He previously served as
Senior Operating Partner at Lime Rock Partners and also as CEO of Tercel
Oilfield Products, which was acquired in May 2016. Prior to serving in
these capacities, Mr. Elbadawy spent nearly 17 years at Schlumberger
where he was Global Vice President of Manufacturing in addition to
managing the company’s leading-edge Rosharon Technology Center and the
Houston Product Center.

David Baldwin, Co-President of SCF Partners, said, “Our team spent the
better part of 2017 exploring and identifying the best possible path to
invest in earlier-stage companies. Partnering with Hossam and O&G
Technologies is a better outcome than we envisioned when we embarked on
this initiative. Hossam’s knowledge, experience, and reputation in our
industry is second-to-none. Our firm has a long history of not only
investing early in trends, but with the best management teams in the
industry. While broadening technology adoption is certainly an emerging
trend in which we are eager to invest, we are even more excited to be
partnering with a new breed of entrepreneur as we make additional early
stage and growth investments.”

Mr. Elbadawy stated, “I am very excited to join the SCF team. SCF is the
global leader in energy service investing with a stellar track record
over the last 30 years of building companies that continue to contribute
to the industry many years after SCF’s successful exit. I am honored to
join such an accomplished and respected team.”

SCF Ventures was launched to focus on technology and early stage growth
investments in oil and gas. It has become increasingly apparent that the
energy industry is at an inflection point necessitating technological
innovation in order to facilitate cost reduction and efficiency
improvement. The current environment has additionally created a customer
willingness to adopt new technologies. SCF Ventures will accelerate the
leading edge of this trend by acquiring an ownership interest in Mr.
Elbadawy’s existing O&G Technologies portfolio and will be making
additional growth investments in technology and product focused
companies.

About SCF Partners

Founded in 1989, SCF Partners (“SCF”) provides equity capital and
strategic growth assistance to build leading energy service and
equipment companies that operate throughout the world. The firm is
headquartered in Houston, Texas and has additional offices in Calgary,
Singapore and Aberdeen. SCF currently oversees approximately $2 billion
under management and has built more than 70 platform services companies,
completing over 300 growth acquisitions, through partnerships with
energy services and equipment entrepreneurs.

For additional information about SCF, please visit SCF’s website at www.scfpartners.com.

Contacts

SCF Partners
Theresa Eaton, 713-227-7888
[email protected]