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Lubar & Co. Acquires Pouschine Cook Capital Management’s Interest in Drilltec
Milwaukee, WI – November 11, 2014 - Lubar & Co. announced today that it has acquired Pouschine Cook Capital Management’s interest in Drilltec Technologies Corporation (Drilltec). Lubar & Co. and Pouschine Cook partnered in 2012 to purchase control of Drilltec with management.
Drilltec is a Houston, TX-based industry leader in innovating, engineering, and manufacturing critical protection products for the oil country tubular goods (OCTG) market. Since the acquisition, Drilltec has made substantial investments in talent, production facilities, advanced manufacturing equipment and product innovation around the world to meet the demanding needs of its oil and gas industry customers.
Everett Cook, Managing Director of Pouschine Cook Capital Management, stated, “We were pleased when the Lubar family decided to join us in this investment. We achieved great progress with our interest in Drilltec in partnership with management and Lubar & Co. and believe the company is in good hands going forward.”
Bryan Baker, President and CEO of Drilltec, indicated that Lubar has been a value-add partner since the inception of their investment. “With their long-term investment horizon and continued expert support of our management team, our employees, suppliers and customers know we’ll remain a leader for years to come.”
Drilltec is a high-performing company that has many opportunities in OCTG pipe protection, according to David Lubar, President of Lubar & Co. “We look forward to continuing to work with the management team to build on Drilltec’s many strengths and expand its presence worldwide.”
Media: for more information, or to set up an interview, please contact Vince Shiely at 414-298-9015 or firstname.lastname@example.org.
About Lubar & Co. For more than 40 years, Milwaukee-based private investment firm Lubar & Co. has applied a unique blend of patient capital, collaborative vision and steadfast commitment to management teams to build thriving companies and strong communities. By doing the right things, day in and day out, Lubar & Co. nurtures market-leading companies that produce consistent growth and enhanced equity value over the long term. For more information, visit www.lubar.com.