Houston, TX (Oct. 31, 2013) – Abaco Energy Technologies LLC (“Abaco”), today announced a $200 million commitment from energy private equity firm Riverstone Holdings LLC (“Riverstone”) to acquire, integrate and develop energy manufacturing and service businesses. Abaco is a newly-formed, private, Houston-based company led by Ken Babcock and Roger Rivet, the former CEO and CFO, respectively, of Titan Specialties, Ltd. (“Titan”) and International Logging, Inc. (“ILI”), two companies previously owned by Riverstone affiliated entities.
Abaco will focus primarily on manufacturing and services related to North American drilling, completion and production and associated …
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