Dril-Quip Acquires Great North (Redco Group)

Industrial Growth Partners Recapitalizes Redco Group

December 17, 2018

Oil & Gas

Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.

Redco Group Acquires Stonewall Energy

May 7, 2021

Oil & Gas

Redco Group (an IGP–recapitalized platform) acquired the business assets of Stonewall Energy on May 7, 2021. The add-on expands Redco’s pressure-control and frac-completion product suite by integrating Stonewall’s proprietary ball & dart launching technologies, frac rental equipment and field services to strengthen its market leadership across Western Canada and North America.

Innovex Downhole Solutions and Dril-Quip Merge to Form Innovex International

September 6, 2024

Oil & Gas

Innovex Downhole Solutions and Dril-Quip, Inc. have completed their previously announced merger to form Innovex International, Inc., a Houston-area–based energy industrial platform that will begin trading on the NYSE under the ticker INVX. The combined company brings together complementary downhole technologies and manufacturing/service capabilities to support onshore and offshore upstream oil and gas activities.

Hub International Acquires Assets of Great North Insurance Services, LLC

May 5, 2022

Insurance

Hub International Limited acquired the assets of Great North Insurance Services, LLC, an independent insurance agency based in West Fargo, North Dakota. The Great North team — including founder Nick Killoran and partners Zach Bosh and Kane Hanson — will join Hub Great Plains to expand Hub's commercial, employee benefits and personal insurance capabilities in the region. Terms were not disclosed.

Talos Energy Acquires QuarterNorth Energy for $1.29 Billion

March 4, 2024

Oil & Gas

Talos Energy Inc. (NYSE: TALO) agreed to acquire QuarterNorth Energy Inc., a privately held deepwater Gulf of Mexico exploration and production company, for $1.29 billion in cash and stock. The acquisition adds ~30 MBoe/d of production and ~69 MMBoe of proved reserves, is expected to be immediately accretive to key metrics, generate ~$50 million of annual synergies, and strengthen Talos's balance sheet.

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.