ACT Energy Technologies to Acquire SB Directional Services for $47 Million

Ensign Energy Services to Acquire Citadel Drilling for $65 Million

July 23, 2026

Industrial Services

Ensign Energy Services has entered into an agreement to acquire all outstanding shares of Citadel Drilling for $65 million, subject to customary closing adjustments and conditions. The acquisition will add six high-spec alternating-current drilling rigs to Ensign’s Permian Basin operations, increasing its drilling capacity by approximately 20% and expanding its customer base and market share.

Blackstone Energy Transition Partners to Acquire Majority Stake in Advanced Cooling Technologies

March 11, 2026

Industrial Services

Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies, Inc. (ACT), a U.S. manufacturer of highly-engineered thermal management and energy efficiency solutions. The transaction is expected to close in the second quarter, subject to customary conditions, with ACT’s executive team remaining in place and continuing as significant shareholders.

Superior Energy Services Acquires Abaco Energy Technologies

January 30, 2026

Oil & Gas

Superior Energy Services has announced the successful closing of its previously announced acquisition of Abaco Energy Technologies. The deal expands Superior’s Wellbore Technologies segment by adding Abaco’s bottom-hole assembly capabilities and elastomer technologies for downhole drilling, completion, and remediation.

CST Utilities Acquires Daystar Directional Drilling

July 15, 2025

Infrastructure

CST Utilities, a portfolio company of MFG Partners, has acquired Noblesville, Indiana-based Daystar Directional Drilling effective July 15, 2025. The deal expands CST's Midwest footprint and service offerings in underground utility drilling; Daystar's founder Jerry Watson III will remain leading the Indiana operation and retain an ownership stake.

Sage Park Acquires Clean Harbors' Directional Boring Business; Launches Omni Directional Boring

March 3, 2020

Industrial Services

Sage Park has completed the acquisition of Clean Harbors' Directional Boring Services business segment and established it as a new independent operating company, Omni Directional Boring. The carve-out preserves the existing management and employees and positions Sage Park to expand the company's engineered bore and directional drilling services across Western Canada.

Sorenson Capital Makes Growth Investment in Southeast Directional Drilling

October 1, 2009

Energy

Sorenson Capital has made a growth capital investment in Southeast Directional Drilling, arranged by Houlihan Smith & Company. The investment will support Southeast’s expansion plans, including acquisition and fabrication of proprietary drilling equipment and other ancillary assets to grow its horizontal directional drilling capabilities for pipeline installation.