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Lubar & Co. Invests in Drilltec
Investment builds upon industry leader's success
in the oil country tubular goods market
Milwaukee, WI- March 22, 2012 - Lubar & Co. announced today that it has invested in Houston-based Drilltec. For the past 30 years, Drilltec has been the industry leader in innovating, engineering and manufacturing critical protection products for the oil country tubular goods (OCTG) market. Drilltec's products are used to protect drill pipe, tubing and casing from being damaged when being stored, racked or transported around the world. Customers include large integrated international oil companies, contract drillers, pipe manufacturers, threaders and others.
"We are pleased to be working with CEO Bryan Baker and the team at Drilltec. They are exceptionally experienced, knowledgeable and talented," said Sheldon Lubar. "Drilltec is well positioned and is currently expanding into several new markets to better serve the needs of oil and gas multinationals worldwide."
Drilltec has earned a number-one market share in OCTG thread protectors and packaging systems through successful innovation, expansion of its high-quality product offerings, global customer service and a clear understanding of industry needs.
Drilltec's products are currently manufactured in the United States, Europe, Argentina, Japan, Southeast Asia and Mexico. New manufacturing expansions include Saudi Arabia and Brazil. The management team's global strategy is to locate international facilities close to customers, while expanding its product line to offer the highest industry performance at competitive pricing. Baker and Lubar saw an ideal match between the two companies, with the potential to collaborate on the vision for Drilltec and continue building on the company's success. Baker was particularly attracted to Lubar's 40 years of experience in the energy sector.
"Lubar & Co. shares our company's vision and our desire to continue to invest in and grow Drilltec," Baker said. "Lubar & Co. fit the mold for what we were seeking in an investment firm – a strong understanding of our strategic business model and short- and long-term goals, a desire for a long-term relationship, and a successful track record of collaborating to support thriving companies."
Media: for more information, or to set up an interview, please contact Justin Smith at (414) 274-3013 or firstname.lastname@example.org.
Lubar & Co. is a Milwaukee-based private investment firm that has been investing in and acquiring operating companies for over 40 years. Lubar & Co. primarily invests in partnership with operating management to increase long term value in businesses located in the Upper Midwest with revenues between $20 and $100 million. The firm's portfolio of companies operates in a broad range of industries including manufacturing, energy, distribution, healthcare and service businesses. Please go to www.lubar.com for more information about Lubar & Co.