Laney was previously owned by a private equity consortium comprised of Chart Capital Partners, Prudential Capital Partners, Quilvest USA and Basic Materials and Services LLC. Ryan added, “Laney was acquired through Maxim’s new energy partnership with Falcon and demonstrates our unique ability to provide turn-key subordinated debt, preferred equity and common equity required to close a substantial change-of-control transaction.” These individuals have achieved marked success through their associations with Energy TransferEntities, Red Cedar Gathering, PVR Partners, El Paso Corporation, Boardwalk Pipeline Partners, Saddle Butte Pipeline, and Koch Industries and will supply strategic counsel to the Company as it enters its next phase of corporate development.” “In addition to providing financial sponsorship, we are placing accomplished pipeline industry veterans onto Laney’s board including Rick Turner, an Energy Industry Partner for Maxim, Ron Page and David Lytle. “Maxim and Falcon are excited to partner with existing management to support the Company’s strategic vision of becoming North America’s preferred supplier of HDD services for energy infrastructure,” said Ryan Franco, a Managing Partner at Maxim.
For more than 25 years, the Company has specialised in providing HDD services that address the most complex crossing needs of customers in the global energy, telecommunications and infrastructure markets “We look forward to partnering with Maxim and Falcon to significantly increase our portfolio of HDD capabilities as well as extend the Company’s geographic reach.”įounded in 1989, Laney is the only HDD company in North America providing integrated engineering, design and construction services. “Laney is pleased to announce this acquisition, which represents a great opportunity for both our employees and the company to continue driving growth and offer best in class service to our customers.” Laney Chief Executive Officer Kevin Fox said. "We would like to thank everyone forĪllowing us tremendous success since 1979." MDS Boring &ĭrilling, (281) 987-2511, Directional Drilling Co., the world's largest independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry, has been acquired by an affiliate of Maxim Partners, LLC and Falcon Investment Advisors, LLC.
Laney directional drilling co full#
"We are very pleased to make this announcement and lookįorward to providing full service road boring and directional drillingįor years to come," said Cortney Laney, MDS vice president andĬhief operating officer. Order to avoid confusion with their former company, the new MDS Boring Now, with the evolving pipeline markets and current industryĭemands, the owners of Laney Inc.
Laney Inc., the road boring operation, was retained and However, in May 2008, the Laney Directional Drilling part of the company and adding HDD to their current road boringįor 34 years, the Laney's have owned and operated Laney Inc. will be changing its name to MDS Boring & Drilling Inc. Road boring and horizontal directional drilling (HDD) contractors, areĮffective May 20, Laney Inc. Mark, Dickey and Steve Laney, well-known for their many years as
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MLA style: "Mark, Dickey and Steve Laney, well-known for their many years as road boring and horizontal directional drilling." The Free Library.
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