|By Marketwired .||
|June 26, 2014 01:19 PM EDT||
NEW ORLEANS, LA--(Marketwired - June 26, 2014) - RLMcCall Capital Partners, LLC, a private equity firm based in New Orleans, Louisiana announced today that it has partnered with Dos Rios Partners, L.P, a private equity firm headquartered in Austin, Texas, to acquire Case Drilling & Pump Service, LLC (the "Company" or "Case Drilling"), a provider of fresh water well drilling and maintenance services to contract drilling firms, E&P operators, agri-businesses, residential consumers and municipalities across West Texas. Terms of the deal were not disclosed.
Case Drilling has a 75-year operating history in West Texas and enjoys strong relationships with a diverse institutional and residential customer base in the Permian Basin. Moreover, the company is well positioned to benefit from the region's continued projected growth. "We are excited to be partnering with Case Drilling and Dos Rios," said Eric Blue, Partner of RLMcCall, "and we look forward to working with Case's talented and experienced management team to advance the Company's successful strategy."
"We are particularly excited about the expansion of our oil and gas services acquisition platform in the Permian Basin as we believe the Permian has many more years of exploration-, drilling- and logistics-linked growth to come," stated Earl Robinson, an RLMcCall Partner. Hank Torbert, an RLMcCall Partner, stated, "this transaction underscores not only our commitment to investing in the oil and gas sector, but also our focus on high growth opportunities and regions such as the Permian."
RLMcCall is committed to sourcing and executing non-traditional, supply chain-focused transactions that grow the industrial services opportunity set and the skilled labor pool in certain regions of the United States. "Our focus is to partner with management teams to fuel the expansion of niche-focused, lower middle market companies, the growth engine of the US economy," said RLMcCall Partner Neill Wright.
CASE DRILLING & PUMP SERVICE, LLC
Case Drilling & Pump Service, LLC (the "Company"), based in Stanton, Texas, is a provider of water well drilling and maintenance services to contract drilling firms, E&P operators, agri-businesses, residential consumers, municipalities and small and midsized businesses in West Texas. Historically, the Company's service area extended within a 150-mile radius of Stanton, TX and covered Martin, Midland, Howard and Glasscock counties. However, in the last six (6) months, the Company has begun to expand its operations into Andrews County, which lies west of Martin County.
RLMcCALL CAPITAL PARTNERS, LLC
Based in New Orleans, Louisiana, RLMcCall Capital Partners, LLC ("RLMcCall") is a value-oriented, private equity firm focused on both lower middle-market change-of-control transactions in and non-control, growth investments in the oil & gas, general industrials and media & telecommunications sectors. The Firm's strategy is to partner with existing owners/management teams to acquire and invest in well-managed and well-positioned companies located in certain regions of the United States. RLMcCall sponsors or co-sponsors transactions involving businesses/platforms with enterprise values from $10 million to $60 million.
DOS RIOS PARTNERS
Dos Rios is a Texas-based private equity partnership formed by four Partners-Bo Baskin, Wayne Patterson, Jay Turner and Kevin Benoit. Dos Rios invests in the junior (i.e. common, preferred and/or mezzanine) securities of proven, growing niche businesses with approximately $2.0-8.0 million in EBITDA, generally alongside strong, motivated management teams. Dos Rios can help these small businesses with either control or non-control transactions.
RLMcCall Capital Partners, LLC
Eric Blue / Hank Torbert
Office Contact: 504-934-1031
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