Mascarene Partners Acquires General Drilling and Venture Drilling East to Form Iron Pillar United Mining Group
May 14, 2026
Mascarene Partners acquired General Drilling and Venture Drilling East (doing business as Two Eight Southeast) from Fred Weber to combine the businesses into Iron Pillar United Mining Group. The transaction closed on May 14, 2026, creating a scaled drilling services platform for aggregate producers and quarry owners across the U.S. Southeast and Midwest. Fred Weber and the former owners of Venture Drilling East retained ownership stakes alongside Mascarene.
- Buyers
- Mascarene Partners, Iron Pillar United Mining Group
- Targets
- General Drilling Inc., Venture Drilling East d/b/a Two Eight Southeast
- Sellers
- Fred Weber Inc.
- Platforms
- Iron Pillar United Mining Group
- Industry
- Industrial Services
- Location
- Indiana, United States
- Transaction Type
- Buyout
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