Bracewell LLP represented Drilling Tools International, Inc. in its acquisition of Lafayette, Louisiana-based Reamco, Inc. Reamco manufactures, rents and refurbishes downhole drilling tools and related products used in the exploration and production industry.
Drilling Tools International (formerly known as Directional Rentals, Inc.) rents drill collars, stabilizers, sub-assemblies and other downhole tools to directional drilling companies and exploration companies for use in onshore and offshore horizontal and directional drilling applications.
Drilling Tools International is a portfolio company of Hicks Equity Partners, a private equity firm led by the Thomas O. Hicks family.
Bracewell attorneys working on the transaction include:
Partners: Jay Aldis, William S. Anderson, Heather L. Brown and Bruce R. Jocz
Associates: William H. Ebert and Kathy Witty Medford