Drilling Tools International Corp. (NasdaqCM:DTI) acquired Deep Casing Tools Limited from Energy Ventures III, L.P., managed by EV Private Equity on March 18, 2024. Energy Ventures III LP, the largest shareholder in Deep Casing Tools, will exit the company upon completion of the acquisition. Mike Blankenship, Daniela Cohen, Ed Denny, Rich McCarty, Nicholas Usher and David Odrich of Winston & Strawn LLP acted as legal advisor to DTI, and KPMG provided financial due diligence and tax due diligence to DTI. Piper Sandler was the sell side advisor and DLA Piper LLP (US) and DLA Piper Scotland LLP acted as legal counsel to DCT.

Drilling Tools International Corp. (NasdaqCM:DTI) completed the acquisition of Deep Casing Tools Limited from Energy Ventures III, L.P., managed by EV Private Equity on March 18, 2024.