REICHdrill Inc. has retained an investment-banking firm to find a joint venture partner, merger candidate or buyer for the company.
REICHdrill Inc., one of the oldest names in the drilling industry that is located in Philipsburg, Pa., has retained Equity Partners Inc., an investment-banking firm headquartered in Wye Mills, Md., to find a joint venture partner, merger candidate or buyer for the company. REICHdrill Inc. manufactures and markets a complete line of surface drilling equipment for use in the water well, oil and gas exploration construction and mining industries.
REICHdrill had revenues of $13.4 million in 2000, up from $12.4 million in 1999 and $8.9 million in 1998.