Press Release

Back to News

Maxim Partners Acquires Laney Directional Drilling Co.

Maxim Partners and Falcon Investment Advisors acquired Laney Directional Drilling Co. from a consortium of private equity investors in July of 2014. 

 

Laney is the world's largest independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry.  Located in Houston, TX, the Company is the only provider of integrated engineering, design and construction services for complex, large-scale HDD projects.  Other applications of HDD include communication conduits, water lines, sewer lines and environmental remediation casings. HDD is used for crossing waterways, roadways, shore approaches, congested areas, environmentally sensitive zones, and other conditions where conventional methods are more costly or not possible. To learn more please visit: www.laneydrilling.com 


Maxim has partnered with existing management, including CEO Kevin Fox, to propel Laney forward as North America's preferred supplier of HDD services for energy infrastructure. As with all of its portfolio companies, Maxim has empaneled a strategic board of directors including Rick Turner, Ron Page and David Lytle, who have achieved marked success through their associations with Energy Transfer Entities, Red Cedar Gathering, PVR Partners, El Paso Corporation, Boardwalk Pipeline Partners, Saddle Butte Pipeline, and Koch Industries.  Laney was acquired through Maxim's energy partnership with Falcon and demonstrates Maxim and Falcon's unique ability to provide turn-key subordinated debt, preferred equity and common equity required to close a substantial change-of-control transaction.