Drill rig and tooling manufacturer Diedrich Drill has been acquired by Cape Kauri Partners LLC, according to a release from Prairie Capital Advisors Inc., an investment banking firm that acted as an advisor on the sale.
Diedrich Drill makes rigs for the environmental, geotechnical, geothermal and groundwater drilling industries. The company, based in LaPorte, Ind., also makes a variety of tooling, including augers, drill rods and soil samplers used in site investigation and monitoring. The company was founded in 1973.