Driving geographic and product portfolio expansion
for a dynamic energy services provider
Surepoint Technologies Group Inc. (Surepoint) is one of the fastest growing and most dynamic industrial instrumentation and electrical service companies in the Peace River Region of Canada, which includes northwestern Alberta and eastern British Columbia.
Surepoint utilizes a vertically integrated service and supply offering to provide value-added solutions primarily to customers focused on oil and natural gas drilling and production. Surepoint’s diverse capabilities include instrumentation and electrical construction and maintenance; mechanical maintenance; parts supply, equipment rental and on-site inventory management; control and RTU panel design, manufacturing installation and support; automation control and site commissioning; contract oilfield operator services; and drilling rig electrical controls construction, service and maintenance.
Wynnchurch Capital purchased a majority interest in Surepoint in March of 2008. In conjunction with the recapitalization, Surepoint’s management maintained a significant ownership stake in the company.
Surepoint represented a unique opportunity to invest in a rapidly growing, full-service provider of industrial services and supplies to the Canadian oil and gas industry. The company has demonstrated an ability to grow organically and through acquisitions since inception. Surepoint’s robust pipeline of opportunities, favorable geographic location and reputation in the marketplace should allow the company to continue on a strong growth trajectory.
Wynnchurch is seeking to grow Surpoint’s geographic footprint and expand its breadth of products and services across its vast customer base.