Houston-based Superior Wellhead Holdings Inc. and Nautilus Marine Technologies Inc. have formed Azura Energy Systems Inc. through the merger of their companies and the acquisition of privately held, Houston-based Gilmore Valve Co. Azura will manufacture and sell wellheads, trees and valves for the land and subsea markets. It will build on the established product lines and infrastructures of Superior and Gilmore with new products and services, including a subsea tree that has been developed by Nautilus. Azura will be headquartered in Houston and will have 12 North American manufacturing and sales locations with some 150 employees. Curtis Burton has been named president and chief executive of Azura; James Kiser will be general manager of Superior Wellhead, Ron MacInnes will be the head of Gilmore Valve and Earl Broussard will lead Nautilus. Equity financing for the transaction was provided by Cherington Capital and Freebird Partners and senior management provided equity financing for the transaction, while the debt financing was provided by PNC Bank. Curtis Burton at Azura can be reached at 713-551-4600.
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