Varel Energy Solutions Acquires Sledgehammer Oil Tools

Varel Energy Solutions Acquires Ace Well Technology

January 6, 2025

Oil & Gas

Varel Energy Solutions (VES) has acquired Ace Well Technology (ACE), a Norway-based supplier of oilfield casing, cementing and completion products. The deal expands VES's primary cementing and smart completions capabilities and is positioned as an add-on to VES's growth-capital-backed platform to accelerate manufacturing and global service offerings.

Charger Investment Partners Acquires Versa-Drill

July 1, 2025

Manufacturing

Charger Investment Partners has partnered with Versa-Drill's management to acquire the Indianapolis-based manufacturer of mid-sized drilling rigs. Charger will provide growth capital to accelerate new product development and expand aftermarket parts and service offerings while founder and management retain significant ownership.

Pelican Energy Partners Acquires Iron Horse Tools from Bluehenge Capital Partners

April 11, 2023

Energy

Pelican Energy Partners, a Houston-based private equity firm, has acquired Iron Horse Tools, Inc. (IHT) from Bluehenge Capital Partners. IHT, founded in 2008 and headquartered in Corpus Christi, Texas, is a provider of automated drilling chokes and managed pressure drilling (MPD) technology operating across U.S. shale plays with over 150 employees; Pelican intends to expand IHT's customer base, geographic presence, and service offerings.

Argonaut Private Equity Acquires Hammer & Steel Global, LLC

August 27, 2024

Industrial Services

Argonaut Private Equity has added Hammer & Steel Global, LLC to its Fund V portfolio. Hammer & Steel, a St. Louis-area distributor and rental provider of deep foundation drilling and pile driving equipment with multiple regional sales and distribution locations, will partner with Argonaut to accelerate geographic expansion and add distribution facilities while preserving the company legacy.

BVP Forge Acquires Technical Toolboxes from HKW and Theatre Capital

July 10, 2025

Software

BVP Forge, a private equity firm focused on growth-oriented software and services businesses, has acquired Technical Toolboxes Powertools, Inc. from HKW and Theatre Capital LLC. Technical Toolboxes, a Houston-based provider of cloud-based pipeline integrity and compliance SaaS for pipeline operators, engineering and inspection firms, and utilities, will be positioned for further product, AI and go-to-market investment under BVP Forge.

Vertice Oil Tools Acquires Completions Assets of Gryphon Oilfield Solutions

October 26, 2021

Oil & Gas

Vertice Oil Tools, a Stafford, Texas–based downhole completions technology provider backed by SCF Ventures, acquired substantially all of the completions assets of Gryphon Oilfield Solutions. The deal expands Vertice's geographic footprint and augments its product portfolio with Gryphon's suite of downhole completion technologies, including dissolvable plugs and sleeves.