Add-on Acquisition • Machinery

Superior Drilling Products Acquires Hard Rock Solutions

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Superior Drilling Products

Vernal, Utah, United States

Category	Company
Founded	1993
Sector	Energy Services and Equipment
Employees	41
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 Context for Buyer	#
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

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