Private equity firm Genstar Capital has agreed to become majority shareholder in Drilling Info Holdings Inc., whose Drillinginfo software-as-a-service, or SaaS, provides data to oil and gas customers. Drillinginfo is a portfolio company of Insight Venture Partners, which would continue to be a major shareholder. Financial terms were undisclosed. Austin, TX-based Drillinginfo has completed 10 transactions to build its business, including the recent takeover of PLS Inc. and 1Derrick. “Drillinginfo’s focus on the world’s largest vertical market, the energy industry, brings ample opportunity for future growth,” said Genstar managing director Eli Weiss.
Genstar
Articles from Genstar