Drilling Tools International acquires Reamco

Drilling Tools International (formerly Directional Rentals Inc.), a portfolio company of Hicks Equity Partners, has acquired Reamco Inc., a company that manufactures, rents, and refurbishes downhole drilling tools and related products used in the drilling industry.

Offshore staff

HOUSTON –Drilling Tools International (formerly Directional Rentals Inc.), a portfolio company of Hicks Equity Partners, has acquired Reamco Inc., a company based in Lafayette, Louisiana, that manufactures, rents, and refurbishes downhole drilling tools and related products used in the drilling industry.

Directional Rentals Inc. was renamed “Drilling Tools International” to more accurately reflect the company's mission of renting, manufacturing, and selling drilling tools used in bottomhole assemblies to oilfield services companies, independent directional drillers, and exploration companies, both onshore and offshore.

Reamco specializes in the manufacture and refurbishment of stabilizers, drill collars, reamers, and related products, and also offers grinding and hard-facing. Through this strategic acquisition, DTI says it will expand its machining capabilities and offer even better customer service by shortening turnaround time and improving quality on essential tool repairs. Reamco maintains key certifications from the American Petroleum Institute (API) and is ISO certified.

03/17/2014

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