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.
New Tech Global was advised in the transaction by Bonds Ellis Eppich Shafer & Jones LLP for legal
counsel and Texas Capital Securities as financial advisor.
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.