Prime Downhole Manufacturing completed the acquisition of a majority stake in Prosecco Capital.

Prime Downhole Manufacturing, a company producing precision-machined tools and components, completed the acquisition of a majority stake in Prosecco Capital, a private equity company. Financial terms were not disclosed. “We are pleased to partner with Prime on this transaction, which provides a strong capital foundation to support its strategic priorities. Our flexible approach allowed us to tailor a solution to the company’s needs, create alignment among key stakeholders and position the company for continued success. We look forward to working with management as they execute on their growth and value-creation initiatives," Bobby Barrett, Prosecco Managing Partner.