International drilling waste management and solutions provider TWMA has secured a partnership and investment from Buckthorn Partners.
The undisclosed funding package from Buckthorn, a specialist oil field services investment firm, will allow TWMA to accelerate its plans for global growth and product and service expansion, and invest further into research and development.
Ronnie Garrick will continue as CEO of TWMA. Tony Branch will join the management team to support the planned development, growth and expansion of the business. Prior to joining TWMA, Branch was president of regional operations at Weatherford where he was also an officer of the company. Nicholas Gee from Buckthorn Partners joins the company as chairman.
Established in 2000, TWMA has offices and service bases in Europe, the Middle East, North Africa, West Africa and the Americas.
The institutions supporting this Buckthorn transaction include BMO Global Asset Management (EMEA), Souter Investments Limited and Aberdeen Asset Management.