August, 2023 – Centurion Group, a portfolio company of Houston-based private equity fund, SCF Partners, announced the acquisition of Alberta-based, RioView Industries Inc.
RioView is a leading provider of environmentally conscious wastewater rentals and treatment solutions to Canada’s critical industries. RioView is highly complementary to the Centurion’s existing water and wastewater solutions and provides additional capabilities and operational footprint across Western Canada.
Centurion is a global leader in the supply of critical services to the oil & gas, infrastructure, power, environmental and renewable energy industries. It combines the scale and the breadth of offerings in five main regions: the US, Canada, UK, Europe & Caspian, Middle East & North Africa, and Asia Pacific, with strong local presence in key energy markets to deliver value to customers around the world.
Fernando Assing, CEO of Centurion Group, commented:
“2023 has been a very exciting year for Centurion. The four acquisitions reflect the strength of our financial position and the exciting growth prospects across our business. They are a great strategic fit for the Group, expanding our footprint, whilst also adding greater diversity to our operations and additional geographic locations and enhancing our commitment to supporting our customers’ operations to become more efficient.”
Stormont acted as the exclusive financial advisor to RioView’s shareholders, performing the following activities:
