March 3, 2025
Woodbridge, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Alliance Drilling Tools, LLC by Star Equity Holdings, Inc.
Alliance Drilling Tools, (ADT) is a Wyoming and Texas-based drilling equipment supply and repair company serving the oil and gas, geothermal, mining, and water-well industries. ADT owns a comprehensive inventory of drilling tools and operates facilities in Midland, Texas, Casper and Evanston, Wyoming and Vernal, Utah. ADT’s clients are mainly large and well-capitalized companies operating in these local markets.
Bruce McGovern, President and Founder of ADT, said, “We are thrilled to partner with Star to lead ADT into its next phase of growth. Star has the resources and platform to build upon the success the ADT team has achieved together over the past 16 years. This is a fantastic outcome for our dedicated, hard-working employees, valued customers, and the company as a whole.”
Star Equity Holdings, Inc. based in Old Greenwich, Connecticut is a diversified holding company committed to growing stockholder value through excellence in operations, strategy, and capital allocation.
Woodbridge International’s ground-breaking approach to marketing a company globally has transformed the way the sell-side M&A industry does business. Woodbridge is a Mariner Company.
