M&A Deal Summary

Diamond Castle Holdings Acquires ProDirectional

On December 1, 2010, private equity firm Diamond Castle Holdings acquired energy services and equipment company ProDirectional from Harren Equity Partners

Acquisition Highlights
  • This is Diamond Castle Holdings’ 1st transaction in the Energy Services and Equipment sector.
  • This is Diamond Castle Holdings’ 8th transaction in the United States.
  • This is Diamond Castle Holdings’ 1st transaction in Texas.
Investment Fate
  • ProDirectional was sold to a consortium of financial buyers in 2019.

M&A Deal Summary
Date 2010-12-01
Target ProDirectional
Sector Energy Services and Equipment
Buyer(s) Diamond Castle Holdings
Sellers(s) Harren Equity Partners
Deal Type Secondary Buyout

Target

ProDirectional

Conroe, Texas, United States
website
ProDirectional is an independent provider of directional and horizontal drilling services to oil and natural gas exploration and production companies. Professional Directional provides a complete suite of directional drilling services including well planning and engineering, downhole motor technology and guidance, and measurement while drilling services. ProDirectional was founded in 2001 and is based in Conroe, Texas.

Search 193,502 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Diamond Castle Holdings

New York, New York, United States

website

Category Private Equity Firm
Founded 2004
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Diamond Castle Holdings is a private equity firm that makes leveraged buyout, recapitalization, growth capital, and equity-like investments companies. Diamond Castle Holdings invests in energy & power, financial services, and healthcare sectors. Diamond Castle was formed in 2004 and is based in New York City.

DEAL STATS #
Overall 9 of 10
Sector (Energy Services and Equipment) 1 of 1
Type (Secondary Buyout) 4 of 4
State (Texas) 1 of 1
Country (United States) 8 of 9
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-07 KDC Solar

Bedminster, New Jersey, United States

KDC Solar, LLC is a solar energy development company formed by Diamond Castle and management. The Company intends to focus on the development, ownership and management of 1 – 10 megawatt solar energy projects for commercial and industrial real estate owners in the New Jersey market. Utilizing a well-capitalized balance sheet, KDC Solar presents an opportunity to take advantage of a favorable solar energy regulatory framework in New Jersey, a densely populated state with limited other renewable energy options, in partnership with an experienced management team led by Hal Kamine. Mr. Kamine has established a successful track record of founding and growing businesses in response to major regulatory initiatives, including the development of one of the largest independent power producers in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 YORK Label

Omaha, Nebraska, United States

YORK Label, Inc. is a supplier of high-end pressure-sensitive label solutions and operates flexographic label printing facilities in North America.

Sell $356M

Seller(S) 1

SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 11 of 22
Sector (Energy Services and Equipment) 2 of 2
Type (Secondary Buyout) 1 of 8
State (Texas) 2 of 3
Country (United States) 11 of 22
Year (2010) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Chamberlin Edmonds & Associates

Atlanta, Georgia, United States

Chamberlin Edmonds & Associates is a provider of specialized eligibility determination services to hospitals throughout the U.S. CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care.

Sell $260M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-07 Camelot Education

East Dripping Springs, Texas, United States

Camelot Education is a provider of services to youth and adolescent populations in both the behavioral health and education markets. Camelot conducts its operations through residential treatment facilities, therapeutic day schools and alternative education and community-based programs.

Sell -
Mergr

Product

Company

Legal