Star Equity Holdings Acquires Alliance Drilling Tools, LLC
March 3, 2025
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.
- Buyers
- Star Equity Holdings, Inc.
- Targets
- Alliance Drilling Tools, LLC
- Sellers
- Owners of Alliance Drilling Tools (including Bruce McGovern)
- Industry
- Industrial Services
- Location
- Wyoming, United States
- Transaction Type
- Buyout
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