Consolidation of Industry Leaders Positions Them for Long-Term Financial Stability and Unparalleled Expertise in E&P Engineering and Consulting, Contract Operating, Environmental Services and Staffing Services
HOUSTON, TX, April 1, 2024 – Oil and gas consulting service industry leaders, New Tech Global (NTG) and Crescent Consulting, announced today that they have combined into one of the largest consultancy and workforce management solutions provider to the oil and gas industry. The combination of these two great companies will provide consultants with greater opportunities and a larger base of quality people for E&P companies, midstream operators, oilfield service companies and other outsourced employees in a variety of other sectors.
Both companies have long-standing consultant and client relationships within the industry, both domestically and internationally. The complimentary geographies and customer fit will enhance process efficiencies for an even better experience.
Moving forward, NTG will manage the combined operations, leveraging over 35 years of operations in providing onsite consulting services, workforce solutions, and asset management. All Crescent employees will become a part of the NTG family and continue to service consultants and clients from their home office in Oklahoma City.
Larry Cress, as Chairman of the Board shared, “We are excited to announce the acquisition of Crescent Consulting et al, primarily located in Oklahoma City. By adding this team of quality employees and consultants, New Tech Global continues to build strategically, as a top tier provider of manpower in the US. New Tech is actively pursuing other opportunities wherever it makes ‘good sense’, to grow our brand and provide qualified personnel to our clients globally”.
Keith Grimes, CEO of NTG, will continue to serve as CEO of the combined company and will be responsible for overseeing the company’s overall direction.
Colley Andrews, Crescent’s Founder and Managing Partner, steps into the role of Executive Advisor at New Tech Global, overseeing the strategic amalgamation of both entities. With over 30 years of diverse leadership experience, his guidance is invaluable.
ABOUT NEW TECH GLOBAL
New Tech Global (NTG Ventures, LLC; NTG Rig Personnel, LLC; NTG Environmental, NTG Staffing and New Auburn Energy Management, LLC) was founded in 1998 and is based in Houston, Texas. NTG is a leader in oil and gas upstream consulting and manpower services, engineering and project management, environmental and regulatory services that are crucial to the economies and efficiency of today’s energy business.
ABOUT CRESCENT
Crescent (Crescent Consulting, LLC; Tradesmen Direct, LLC: Chief Services, LLC; CVM Management, LLC) was founded in 2006 and is based in Oklahoma, City, Oklahoma. Crescent provides quality contract supervision, engineering and project management services to the Oil and Gas upstream business throughout the USA.