International Logging Incorporated (ILI) has acquired SPT-Synergic Petroleum Technologies (SPT) which is headquartered in Buenos Aires, Argentina. Financial terms were not disclosed.

ILI was founded in 1990 and is headquartered in Houston, Texas. Today, ILI has amongst the most modern and largest logging fleets in the world and is a market leader in the Far East, Africa, Latin America, and North America with over 1,200 field geologists working in 55 countries. ILI is majority owned by equity sponsors Carlyle/Riverstone and Cherington Capital.

SPT was founded by Eric Bauer and Jorge Poncetta and has been a leading provider of mud logging, geochemical, and formation evaluation services in Argentina since 1994. "SPT provides high quality services and is a respected leader in Argentina and bordering countries. We are very pleased and excited to welcome Eric Bauer, Jorge Poncetta, and 76 new staff to the ILI team," stated Ken Babcock, President and Chief Executive Officer of ILI. "Adding this strong presence in Argentina strengthens ILI's industry-leading service position in South America."

Carlyle/Riverstone
Riverstone Holdings LLC and The Carlyle Group are the co-general partners of Carlyle/Riverstone Global Energy and Power Funds. Riverstone, a New York-based energy and power focused private equity firm founded in 2000, has $8.1 billion under management. Riverstone conducts buyout and growth capital investments in the midstream, upstream, power and oilfield service sectors of the energy industry. To date, the firm has committed more than $5.5 billion to 36 investments across each of these four sectors. The Carlyle Group is a global private equity firm with $56 billion under management. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in North America, Europe and Asia. Since 1987, the firm has invested $26.4 billion of equity in 601 transactions.

Cherington Capital
Cherington Capital leads buyouts and recapitalizations for lower middle market companies in the energy sector, focusing in particular on oilfield services companies. Cherington Capital is located in Cambridge, MA and has led eight acquisitions and investments in oilfield services firms providing a wide range of products and services. Cherington helps management create value after the transaction through strategic planning, executive recruitment, increased investment in new products, structuring joint ventures to expand distribution, and executing add-on acquisitions. Cherington seeks businesses with proprietary products and defensible business models that can grow throughout cycles.