Add-on Acquisition • Business Services

Star Equity Holdings Acquires Alliance Drilling Tools

On March 4, 2025, Star Equity Holdings acquired business services company Alliance Drilling Tools for 13M USD

Acquisition Context
  • This is Star Equity Holdings’ 1st transaction in the Business Services sector.
  • This is Star Equity Holdings’ 3rd largest (disclosed) transaction.
  • This is Star Equity Holdings’ 7th transaction in the United States.
  • This is Star Equity Holdings’ 1st transaction in Wyoming.

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M&A Deal Summary

Date March 4, 2025
Target Alliance Drilling Tools
Sector Business Services
Buyer(s) Star Equity Holdings
Deal Type Add-on Acquisition
Deal Value 13M USD

Target Company

Alliance Drilling Tools

Evanston, Wyoming, United States
Alliance Drilling Tools is a drilling equipment supply and repair company engaged in the rental, sale, repair of downhole tools used in the oil and gas, geothermal, mining, and water-well industries. Alliance Drilling Tools was formed in 2009 and is based in Evanston, Wyoming.
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Buyer Overview 1

Buyer

Star Equity Holdings

Old Greenwich, Connecticut, United States

Category Company
Founded 1985
Sector Medical Products
Employees194
Revenue 53M USD (2024)
DESCRIPTION

Star Equity Holdings is a provider of diagnostic solutions. Star Equity Holdings was founded in 1985 and is based in Suwanee, Georgia.


Deal Context for Buyer #
Overall 7 of 7
Sector: Business Services 1 of 1
Type: Add-on Acquisition 7 of 7
State: Wyoming 1 of 1
Country: United States 7 of 7
Year: 2025 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-20 Timber Tech

Colfax, Wisconsin, United States

Timber Tech manufactures glue-laminated timber products (“glulam”) for various end markets and applications, including agriculture, industrial, infrastructure, and building construction (commercial and residential). Timber Tech was formed in 2003 and is based in Colfax, Wisconsin.

Buy $23M