Renovo is partnering with the Summit founders Andy Eldridge, Mitch Hansen and Matt Einck as it continues to build on its focus in the energy sector, with a particular emphasis on oilfield service companies that manufacture engineered products and/or provide diversified services.

Fort Worth-based Summit is a leading manufacturer of engineered products related to the cementation of wells during the drilling process, including solid body centralizers, bow spring centralizers, composite centralizers, float equipment, DV tools and reamer shoes, all made in the USA.

Summit maintains inventory as well as service presence in all major basins to serve customers nationwide and will continue to be led by the company’s founders – Eldridge, Hansen and Einck.

“While the energy market in general, and drilling/completion activity in particular, remain at historically depressed levels, we believe through a strong balance sheet and focus on cost control, innovation and growth, Summit is well positioned to capitalize on the future recovery,” said Frank Guidone, Operating Partner for Renovo.

Throughout their careers, Renovo’s partners have invested and managed over $2 billion of capital across the energy sector.

The investment in Summit is a continuation of Renovo’s strategy to provide flexible capital and operational support to the recovery in oil field services. Learn more here

“We are excited about the opportunity to partner with Renovo and together navigate through the current uncertainty. This partnership assures we can continue providing the level of quality and service our customers have come to expect from Summit,” said Andy Eldridge, Chief Financial Officer for Summit.