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Star Equity Holdings收购Alliance Drilling Tools
2025-03-04 22:03
- Star Equity Holdings (NASDAQ:STRR) on Tuesday said it has acquired privately held Alliance Drilling Tools, a Wyoming- and Texas-based drilling equipment supply and repair company serving the oil and gas, geothermal, mining, and water-well industries.
- The transaction, which was closed on March 3, 2025, valued ADT at a cash-free, debt-free enterprise value of $12.65 million.
- The transaction included total cash of $4.9 million, funded in part by $2.5 million of debt financing which closed simultaneously with the acquisition, and the remainder from Star’s cash on hand. Additionally, 775,000 shares of Star’s series A preferred stock, equating to $7.75 million of value based on STRRP’s liquidation preference of $10 per share.
- Source: Press Release
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