Energy Services
Drilling Tools Company Goes International with Acquisition
Directional Rentals Inc., a Houston-based manufacturer and provider of drilling tools for the onshore and offshore oil and gas industry, has taken up a new strategy and a new name. With the private equity backing of Dallas-based Hicks Equity Partners, Directional Rentals recently acquired Lafayette, La.-based Reamco Inc. for an undisclosed price. The addition of...
Terra Contracting Uses Powerful Principles to Propel Growth
Terra Contracting, recently acquired by industry giant Great Lakes Dredge & Dock, uses six principles—integrity, safety, customer focus, intensity, training and teamwork—to deliver high quality projects that exceed customer expectations. KALAMAZOO, MI – March 20, 2013 – “One of the toughest decisions I have ever made was to leave the family business and start...
Allegiance Capital Corporation Facilitates Environmental Contracting Acquisition
Great Lakes Dredge & Dock acquires Terra Contracting, LLC Allegiance Capital Corporation, a Dallas-based private M&A investment bank specializing in the lower middle market, announced today that it has facilitated the acquisition of its client Terra Contracting, LLC, by Great Lakes Dredge & Dock Corporation. Allegiance Capital Corporation acted as the exclusive financial advisor to...
Allegiance Capital Facilitates Recapitalization for Chain Electric
Allegiance Capital Corporation, a Dallas-based private investment bank specializing in the lower middle market, announced today that it has facilitated a recapitalization for its client, Chain Electric, in support of the Company’s continued growth and geographic expansion, with investors Cotton Creek Capital. Headquartered in Hattiesburg, MS, Chain Electric is a leading regional provider of power...