Exit: Ulterra being sold to Blackstone for $700m, Reuters reports


[Context: On October 21, Reuters reported Blackstone was acquiring Ulterra Drilling for $700m from American Securities. Further details and related links are below.]

Ulterra Drilling Technologies  | Blackstone

On October 21, Reuters reported that Blackstone Group has agreed to acquire Ulterra Drilling Technologies for $700m from American Securities, citing sources familiar. Ulterra had $200m in revenue in 2017 and had the fifth largest share of the global drill bits industry, the report stated.

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