Private equity firm Rock Hill Capital Group has made an equity investment in Blackhawk Specialty Tools, an oilfield services company located in Houma, Louisiana.
Blackhawk, founded in April 2008, is a provider of automated top drive cement heads and related equipment and services to the deepwater offshore oil and gas industry operating in the US Gulf of Mexico and Brazil.
Blackhawk is led by president and chief executive Billy Brown.
“We are pleased that Billy and his team selected Rock Hill as their new equity partner,” says Randall B. Hale, founder and managing director of Rock Hill. “Billy and his team represent everything we look for in a partner; a seasoned operator with a proven track record in building a successful business. We believe that Blackhawk is well positioned for significant growth as it continues to expand its product offerings and services in other international markets as well as the domestic land drilling sector. We’re pleased to have the opportunity to be a part of Blackhawk’s continued success.”
“We were fortunate to have a number of respected private equity firms interested in our business model and are excited about the opportunity to partner with Rock Hill,” says Brown. “Rock Hill has a proven track record of helping companies grow and expand their business and shares our philosophy of building long term relationships with its business partners.”
Blackhawk and Rock Hill plan to expand the business through organic growth and select acquisitions.
