Dril-Quip Acquires Great North (Redco Group)

Industrial Growth Partners Recapitalizes Redco Group

December 17, 2018

Oil & Gas

Industrial Growth Partners (IGP) recapitalized Redco Group in partnership with Redco's management on December 17, 2018. Redco, headquartered in Edmonton, Alberta, is a leading independent provider of pressure control equipment, wellhead and frac completion products and associated manufacturing and field services to oil and gas operators across Western Canada.

Redco Group Acquires Stonewall Energy

May 7, 2021

Oil & Gas

Redco Group (an IGP–recapitalized platform) acquired the business assets of Stonewall Energy on May 7, 2021. The add-on expands Redco’s pressure-control and frac-completion product suite by integrating Stonewall’s proprietary ball & dart launching technologies, frac rental equipment and field services to strengthen its market leadership across Western Canada and North America.

Dril-Quip and Innovex Downhole Solutions Complete Merger, Creating Innovex International (NYSE: INVX)

September 6, 2024

Industrial Services

Dril-Quip, Inc. (NYSE: DRQ) completed its previously announced all-stock merger with Innovex Downhole Solutions, Inc. to create a combined energy-industrial platform under the Innovex International name. The merged company began trading on the New York Stock Exchange on September 9, 2024 under ticker INVX.

Hub International Acquires Assets of Great North Insurance Services, LLC

May 5, 2022

Insurance

Hub International Limited acquired the assets of Great North Insurance Services, LLC, an independent insurance agency based in West Fargo, North Dakota. The Great North team — including founder Nick Killoran and partners Zach Bosh and Kane Hanson — will join Hub Great Plains to expand Hub's commercial, employee benefits and personal insurance capabilities in the region. Terms were not disclosed.

Talos Energy Acquires QuarterNorth Energy for $1.29 Billion

March 4, 2024

Energy

Talos Energy executed definitive agreements to acquire QuarterNorth Energy for $1.29 billion, consisting of Talos common stock and approximately $965 million in cash. The deal was expected to close by end of Q1 2024 subject to customary approvals, and Talos later announced the acquisition was completed on March 4, 2024.

Drilling Tools International Acquires Superior Drilling Products

March 7, 2024

Manufacturing

Drilling Tools International Corp. (DTI) agreed to acquire Superior Drilling Products, Inc. (SDP/SDPI) for approximately $32.2 million in cash and DTI stock, a deal approved by both companies' boards and expected to close in Q3 2024. The transaction brings SDP's Drill‑N‑Ream technology, PDC bit manufacturing and engineering capabilities into DTI to expand product offerings, capture manufacturing and distribution synergies, and support expansion—particularly in the Middle East.