Houston-headquartered Blackhawk Specialty Tools, LLC announced earlier today that it received an undisclosed amount from private equity firm Bain Capital and Blackhawk's management team.
Blackhawk Specialty Tools, which was founded by Ron Robichaux, Dean Robichaux, Billy Brown and Lawrence Brown, specializes in designing, assembling, renting and marketing construction equipment such as cement heads. The company distributes its products major integrated oil and gas companies in the U.S., Gulf of Mexico and a number of international locations. It has accomplished almost 3,000 projects to date.
"The management team is excited to partner with Bain Capital as we continue to grow our business to meet the needs of customers around the world," remarked Blackhawk President and Chief Executive Officer Billy Brown. "Blackhawk has established a leading position as a trusted provider of cementing equipment and quality service to our customers in the U.S. Gulf of Mexico, the most challenging deepwater market in the world, and in numerous shale plays around the U.S. This partnership will allow us to continue to expand our geographic footprint and product offerings to serve our customers, employees and other stakeholders."
Blackhawk acquired the services of Simmons & Company as financial advisor and Winston & Strawn as legal advisor for the transation.
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