Rock Hill Capital Group (Rock Hill) announced that it has closed on a majority recapitalization of Diversified Well Logging, LLC. (DWL). DWL is based in Reserve, LA and is a leading provider of mud logging services, equipment, personnel and technology to the onshore and offshore oil and gas exploration and production industry.
“We are excited to partner with DWL’s management team and the Klibert family and to assist the Company in its continued growth,” said Randall B. Hale, Founder & Managing Director of Rock Hill. “We believe DWL’s competitive position, both onshore and offshore, provides them with a unique opportunity to offer superior service to their customers,” Mr. Hale continued. “We look forward to working with Rock Hill. Their strategic guidance and financial expertise will serve to accelerate our growth,” said Richard Klibert, CEO of DWL. In addition, he stated, “Rock Hill has taken the time to understand our business and can assist us in taking DWL to the next level.” Debt financing for the transaction was provided by Encore Bank, NA and affiliates of Deerpath Capital.