Drilling Tools International Acquires Deep Casing Tools

Drilling Tools International Corp. Acquires Titan Tools Services Ltd.

January 2, 2025

Energy

Drilling Tools International Corp. (DTI) completed the acquisition of UK-based Titan Tools Services Ltd., a downhole tool rental and manufacturing specialist based in Aberdeen, Scotland. The deal expands DTI's technological capabilities and strengthens its presence in the UK North Sea, Europe and African markets while adding Titan's rental fleet, materials expertise and customer relationships.

Drilling Tools International to List on Nasdaq via Business Combination with ROC Energy Acquisition Corp.

February 14, 2023

Energy

Drilling Tools International (DTI) completed a business combination with ROC Energy Acquisition Corp., becoming a publicly traded company on Nasdaq under the ticker DTI. The transaction implied a pro forma enterprise value of approximately $319 million, included PIPE participation (notably by Fifth Partners), and provided capital to support DTI's growth and M&A-driven consolidation strategy while existing shareholders (including an affiliate of Hicks Equity Partners) rolled a majority of their equity into the combined company.

Drilling Tools International Acquires Superior Drilling Products

March 7, 2024

Manufacturing

Drilling Tools International Corp. (DTI) agreed to acquire Superior Drilling Products, Inc. (SDP/SDPI) for approximately $32.2 million in cash and DTI stock, a deal approved by both companies' boards and expected to close in Q3 2024. The transaction brings SDP's Drill‑N‑Ream technology, PDC bit manufacturing and engineering capabilities into DTI to expand product offerings, capture manufacturing and distribution synergies, and support expansion—particularly in the Middle East.

OCI Acquires DRILLTOOLS

September 27, 2024

Manufacturing

OCI, LLC, a Brookville, Pennsylvania-based manufacturer and portfolio company of Grand Valley Holdings and Gemspring Capital, has acquired DRILLTOOLS, a Kilgore, Texas-based manufacturer of rotary drilling tools and excavation products. The acquisition expands OCI's product suite, manufacturing capabilities, and technical expertise to better serve infrastructure, utility, and commercial contractors; DRILLTOOLS will continue to operate from its Texas headquarters.

TRP Capital Acquires Diversified Technologies International (DTI)

September 7, 2021

Automotive

TRP Capital partnered with DTI co-founders Chris Wiegel and Kurt Saldana to acquire Diversified Technologies International (DTI) as a new platform investment for TRP V. DTI is an asset-light provider of supply chain and program management for tooling design and manufacturing serving automotive OEMs and Tier 1 suppliers; TRP expects to add value via customer growth and infrastructure support.

Star Equity Holdings Acquires Alliance Drilling Tools, LLC

March 3, 2025

Industrial Services

Star Equity Holdings, a diversified holding company based in Old Greenwich, Connecticut, has acquired Alliance Drilling Tools, LLC (ADT), a Wyoming- and Texas-based drilling equipment supply and repair business. The transaction transfers ownership of ADT — which operates facilities in Midland, Texas; Casper and Evanston, Wyoming; and Vernal, Utah — to Star as the company moves into its next phase of growth.