Charger Investment Partners and Versa-Drill management completed the acquisition of Versa-Drill.

Charger Investment Partners, a private equity firm, and Versa-Drill management, completed the acquisition of Versa-Drill, a manufacturer of top head drive drilling rigs. Financial terms were not disclosed. "Versa-Drill exemplifies the type of business Charger seeks to partner with, an essential infrastructure platform with a legacy of engineering excellence and clear opportunities for growth. We are excited to support Versa-Drill as it accelerates new product development, expands its aftermarket parts and service offering, and drives continued innovation in the drilling rig market," Chris Boyle, Charger Investment Partners Co-Founder and Partner.