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Announced

Completed

Kalbot completed the acquisition of Authentic Drilling.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Construction Services

Acquisition

Private

Private Equity

Domestic

Majority

Completed

Single Bidder

Friendly

contract drilling

Synopsis

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Kalbot, a private investment firm, completed the acquisition of Authentic Drilling, a multi-regional provider of difficult access geotechnical, environmental, exploration and water well drilling services. Financial terms were not disclosed. "The addition of Authentic to the SDHC platform will expand our service offering and geographic reach. The diverse and unique technical capabilities that Authentic brings will enable the platform to accelerate its growth as a provider of choice to customers across various drilling applications, end markets and geographies," Lanre Osinusi, Kalbot President.

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