SCF Partners Invests in Seanic Ocean Systems

SCF Partners is pleased to announce its investment in Seanic Ocean Systems, a subsea services company based in Houston.

Seanic, founded in 2007, provides subsea tooling and rental services. The company designs, assembles and maintains various tools used in the subsea energy industry for ROV based applications. Seanic has operations in the Gulf of Mexico, the North Sea, and Asia.

Tom Ayars and Andy Guinn, the President and VP of Operations will continue to lead the company going forward. Tom has 30 years of experience in the O&G industry, including Oceaneering and most recently with American Oilfield Divers where he built a significant inland diving and construction group. Tom also was involved with the designing and planning of the fiber optic network in the Gulf of Mexico. Andy began his career in the US Air Force, after which he entered the oil and gas sector where he held several positions, notably as regional manager for Oceaneering's Deepwater Technical Solutions Aberdeen group.

Alongside management and SCF, the company's two founders, Bill New and Kevin Petersen, will continue to be investors in the company. Kevin is Chairman of Continental Shelf Associates, having previously held significant roles at Oceaneering, Martech and Perry Tritech. Bill is the founder of New Industries, a steel fabricator and manufacturer of pressure vessels and subsea production equipment.

Andy Waite, Managing Director at SCF, commented, "SCF is pleased to invest in Seanic and to participate in the growth in activity in the Gulf of Mexico and beyond. We have been impressed by Seanic's capable management team and investors and are looking forward to working with Seanic as the company expands into additional markets and services."

"On behalf of the entire Seanic team, we are excited to have the opportunity to work with SCF Partners. We are very fortunate to have a group with their track record and experience in our industry to help us take Seanic to the next level," stated Tom Ayars, President of Seanic.