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Hicks Equity Partners Acquires Directional Rentals

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February 13, 2012

Hicks Equity Partners, the private equity investment vehicle of the Thomas O. Hicks family, is leading an investor group that has acquired a majority interest in Directional Rentals Inc., a privately held oilfield services company.  Financial terms of the transaction were not disclosed.

Based in Lafayette, Louisiana with satellite locations in Houston, Texas, Casper, Wyoming and Bakersfield, California, Directional rents tools primarily to directional drilling companies for bottom hole assemblies used in onshore and offshore horizontal and directional drilling.  The company's rental equipment portfolio consists of nearly 5,000 drill collars, ...

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