M&A Deal Summary

Superior Drilling Products Acquires Hard Rock Solutions

On May 29, 2014, Superior Drilling Products acquired machinery company Hard Rock Solutions for 13M USD

Acquisition Highlights
  • This is Superior Drilling Products’ 1st transaction in the Machinery sector.
  • This is Superior Drilling Products’ largest (disclosed) transaction.
  • This is Superior Drilling Products’ 1st transaction in the United States.
  • This is Superior Drilling Products’ 1st transaction in Arizona.

M&A Deal Summary
Date 2014-05-29
Target Hard Rock Solutions
Sector Machinery
Buyer(s) Superior Drilling Products
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Hard Rock Solutions

Sahuarita, Arizona, United States
Hard Rock Solutions LLC is a provider of Drill N Ream well bore products.

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Buyer(S) 1

Buyer

Superior Drilling Products

Vernal, Utah, United States
Category Company
Founded 1993
Sector Energy Services and Equipment
Employees41
Revenue 19M USD (2022)
DESCRIPTION

Superior Drilling Products is a manufacturer and remanufacturer of PDC (polycrystalline diamond compact) drill bits and drill string tools for the oil, natural gas and mining services industries. SDPI operates a technologically-advanced PDC drill bit remanufacturing facility, as well as a state-of-the-art drill tool machining facility. Superior Drilling Products was founded in 1993 and is based in Vernal, Utah.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Arizona) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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