HOUSTON, June 5, 2017 /PRNewswire-iReach/ — Samoco Oil Tools, a leading developer and manufacturer of technologically-advanced tools for the oil and gas industry, today announced that it has engaged Aldwych, a leading investment banking firm, to assist the company in identifying and evaluating various growth strategy options intended to increase its market share, while maximizing shareholder value.

«We have been approached with several interesting opportunities from strategic and financial investors that require very serious due diligence» said M.J. Hellail, President and CEO of Samoco. «For that reason, we have retained Aldwych to assist us in evaluating these opportunities and to present us with alternative proposals, if warranted.»

«We will evaluate all existing opportunities as well as other alternatives and determine whether any of these prove beneficial to Samoco» said Jay Tchamanzar, Managing Director with Aldwych in Houston. «Samoco has a long-term domestic and international growth strategy. It is imperative to select the right partner that not only can financially support the company’s growth strategy, but one who can add value, directly or indirectly, through their involvement in the industry.»

About Samoco Oil Tools

Samoco Oil Tools is a smart, sophisticated R&D company that engineers and manufactures technologically-advanced tools for the oil and gas industry. Working in collaboration with oil and gas majors and leading research universities, Samoco designs innovative, application-specific tools that are proven to enhance both offshore and onshore drilling operations by providing solutions to challenging problems and saving operators significant time and money. By re-imagining conventional design and employing state-of- the-art materials originally engineered for the aerospace industry, Samoco is building tools for the oil and gas sector that are stronger, faster, lighter, and easier for crews to manage. For more information, please visit www.samocooiltools.com

About Aldwych

Aldwych is a special situations boutique investment bank focused on capital markets and M&A advisory. We combine extensive transaction and industry experience to provide the highest quality advice to our clients in the US, Latin America and Sub-Saharan Africa. Our professionals draw upon decades of experience as investment bankers and principal investors in each of our focus sectors: Energy, Power, Agriculture, and TMT. For more information, please visit www.aldwychcapital.com

Media Contact: Emily Wong, ALDWYCH, 212-319-2506, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Aldwych