Roberts & Ryan hosted a call with the Management Team of DTI – “A Market Leader in Downhole Tools for the Oil & Gas Industry”. They have an interesting story and they’re in an industry ripe with M&A potential. DTI recently closed on two acquisitions, both of which have gone very well. It sounds like there will be more opportunities – they’re taking a disciplined approach.
The company has an impressive client list – ExxonMobil/Pioneer Natural Resources Company, Baker Hughes, ConocoPhillips, and Chevron, to name a few. Lots of smaller customers, too.
BIG NEWS – They have been added to the Russell 2000 effective July 1st (on closing trade June 28th), a significant milestone for the company.
THANK YOU to the Drilling Tools International, Inc. team for your time today. Keep your eyes on this one!
