Fred Weber purchased Indiana-based General Drilling, the Illinois Business Journal reports. Financial terms of the deal were not disclosed.
The acquisition comes several months after New Frontier Materials purchased Fred Weber assets.
“General Drilling is a great strategic fit for us,” says Doug Weible, CEO of Fred Weber. “Bringing them into the Fred Weber family will enable us to expand our service offerings, add an outstanding group of highly skilled employees and deepen our presence in the Midwest and South. We couldn’t be more enthusiastic about the possibilities this combination presents for us and our customers.”
Matt Boatman will remain president of General Drilling while Weible serves as General Drilling chairman.
“General Drilling has been a family company since my father, Bill Boatman, founded it in 1967,” says Boatman, whose company’s headquarters will remain in Indiana. “We grew from two drill rigs in southern Indiana to more than 30 operating in nine states. We’ve done this by focusing on the right people, the right training and the right equipment for the job. Today, we’re excited to be part of an even bigger future with Fred Weber.”
