Mass. Capital is pleased to announce that its long time portfolio company Fiberspar Corporation has been acquired by National Oilwell Varco (NYSE: NOV). Fiberspar manufactures and supplies advanced spoolable fiber-reinforced composite pipe for oilfield operators. Fiberspar’s primary product line, marketed as LinePipe™, is used by crude oil and natural gas producers in surface applications which benefit from LinePipe’s rapid installation process and its corrosion resistance.
Mass. Capital first invested in Fiberspar twenty-five years ago and again in 2007. In 2010 White Deer Energy, a Houston-based private equity fund which focuses on upstream and midstream energy companies, bought a majority interest in Fiberspar. More information about Fiberspar is available at www.fiberspar.com.