Summit Partners, a global growth equity investor, confirms that Mark Crews has joined the firm as an executive partner. Crews will partner with Summit to build technology-enabled oilfield products and services businesses of scale. In this role, he will help identify opportunities and assist in the value creation process post-investment.
Crews brings more than three decades of international experience in the oilfield products, services, and technology industry. Most recently, he worked at Lufkin Industries as senior vice president and general manager of the company's oilfield division. During his five-year tenure there, Crews developed and implemented an aggressive global growth strategy for the Artificial Lift business segment and increased revenue from $360 million to $1.2 billion, culminating in the sale of the company to GE Oil & Gas for $3.3 billion.
Prior to Lufkin, Crews was employed by Cameron International Corp., where he served most recently as vice president of subsea technology. In addition, he held a number of domestic and international executive management positions with Cameron during his three-decade career at the company.
Crews holds a Bachelor of Science degree in mechanical engineering from Texas A&M University, and is also a graduate of the Harvard Business School Program for Management Development.