Drilling Tools International Corp. Acquires Titan Tools Services Ltd.

Drilling Tools International Acquires Deep Casing Tools

March 18, 2024

Oil & Gas

Drilling Tools International Corp. (DTI) has completed the acquisition of UK-based Deep Casing Tools (DCT), a developer and manufacturer of patented downhole drilling and casing-running technologies. Financial terms were not disclosed; Energy Ventures III LP, the largest shareholder in DCT, will exit on closing. The deal expands DTI's product capabilities and international footprint, with particular emphasis on the Middle East.

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.

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.

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.

Sandvik Group Acquires DSI Underground from Triton

July 7, 2021

Industrial Services

Sandvik Group has acquired 100% of DSI Underground from funds advised by Triton; the sale was announced December 24, 2020 (purchase price €943 million cash and debt-free) and completed in July 2021. DSI Underground is a global supplier of ground support products and systems for underground mining and tunnelling (present in ~70 countries with over 2,000 employees), and Sandvik said the acquisition is highly complementary and will expand its product, aftermarket and service capabilities.