TRP Capital Acquires Diversified Technologies International (DTI)

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.

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.

Borgman Capital Acquires Technical Products, Inc.

February 19, 2024

Industrial Services

Borgman Capital, a Milwaukee-based private equity firm, has acquired Technical Products, Inc. (TPI), a Cleveland-headquartered regional chemical distributor. Tom Perovsek will remain president; Borgman said the partnership will help TPI expand products, service levels and geography. Terms were not disclosed.

Irys Acquires Diversified Technical Services Inc. (DTSI)

December 6, 2023

Government & Public Sector

San Antonio-based tech startup Irys has acquired Diversified Technical Services Inc. (DTSI), a longtime defense contractor now operating as a DTSI business unit of Irys. The all-cash deal preserves DTSI's name, its existing defense-sector contracts and roughly 60 employees, and gives Irys immediate past performance and capabilities to expand into government and DoD contracting.

Doxim Acquires Direct Technologies, Inc. (DTI)

September 21, 2021

Professional Services

Doxim has acquired Georgia-based Direct Technologies, Inc. (DTI), a multichannel document composition, variable print and fulfillment provider serving healthcare, insurance and financial services. The deal expands Doxim's document composition and fulfillment capabilities and adds two production facilities and DTI's client base of more than 100 customers.