Drilling Tools - M&A Summary and Business Overview

ManufacturingCompany

Drilling Tools M&A Summary

Drilling Tools has acquired 8 companies, including 6 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Drilling Tools’ largest acquisition to date was in 2024, when it acquired Superior Drilling Products for $32M. Drilling Tools has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include energy services and equipment (29%) and manufacturing (29%).

Drilling Tools Business Overview

Where is Drilling Tools headquartered?

Drilling Tools is headquartered in Houston, Texas.

What sector is Drilling Tools in?

Drilling Tools is a manufacturing company.

When was Drilling Tools founded?

Drilling Tools was founded in 1984.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity7
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3
  • M&A Advisors 2

Drilling Tools

Drilling Tools International, Inc.

3701 Briarpark Drive, Suite 150,
Houston, Texas 77042
United States,
(832) 742-8500
www.drillingtools.com

Drilling Tools is a provider of rents tools to major oilfield services companies, directional drilling companies, and exploration and production companies for bottom hole assemblies and tubular goods used in onshore and offshore horizontal and directional drilling. Drilling Tools was founded in 1984 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 3 - - - - 4 7
vol $32M $32M
Sell (0.0/yr) # - - - - - - 0
  7

Most Recent M&A

Company Date Value Type
Titan Tools Services Ltd. 2024-10-29 - Add-on Acquisition
Aberdeen, United Kingdom · www.titantools-aberdeen.co.uk
ED Projects BV 2024-10-03 - Add-on Acquisition
Amsterdam, Netherlands · www.ed-projects.com
Deep Casing Tools Ltd. 2024-03-18 - Add-on Acquisition
Westhill, United Kingdom · www.deepcasingtools.com
Superior Drilling Products, Inc. 2024-03-07 32M USD Add-on Acquisition
Vernal, Utah · www.sdpi.com
WellFence LLC 2019-07-15 - Add-on Acquisition
Houston, Texas · www.wellfence.com
RIK, Inc. 2018-11-08 - Add-on Acquisition
Casper, Wyoming · www.rik-inc.com
Premium Oilfield Services LLC - Premium Rental Tools 2018-04-26 - Divestiture
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (29%) 32M (100%) - -
Manufacturing 2 (29%) - - -
Information Technology 1 (14%) - - -
Machinery 1 (14%) - - -
Oil/Gas Exploration 1 (14%) - - -
Total 7 $32M - -

By Geo

State/Country Buy Value Sell Value
United States 4 32M - -
  Texas 2 - - -
  Wyoming 1 - - -
  Utah 1 32M - -
United Kingdom 2 - - -
Netherlands 1 - - -
Domestic 4 (57%) 32M (100%) - -
Cross-border 3 (43%) - - -
Total 7 $32M - -

Top M&A Advisors

Legal Deals
Bracewell
 1
Winston & Strawn
 1

Deal Values

buy # Total
< $100M 1 $32M
TOTAL $32M
Largest Superior Drilling Products, Inc.
$32M (2024-03-07)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Strategic(s)
14%
1 (14%)

Company Summary

SECTOR

Manufacturing

Established

1984

Public

NASDAQ: DTI

Former Name

Directional Rentals, Inc.

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