Lime Rock Partners has made a strategic investment in IDM Equipment, a Houston-based drilling rig manufacturer, to capitalize on the growing demand for advanced drilling technology in the energy sector.

Information on the Target

IDM Equipment, Inc., based in Houston, is a supplier of drilling rigs and integrated drilling systems, established in 1986 to provide electrical and mechanical services to the oil drilling industry. Over the years, IDM has evolved into a complete land rig manufacturer, offering an array of custom rigs and innovative systems such as their Quicksilver Drilling Systems.

Led by experienced executives Norman Myers and David Huntington, IDM operates from a 15-acre facility in northwest Houston. The company's manufacturing capabilities include not only drilling rigs but also advanced power and control products, such as engine/generator sets and integrated monitoring systems. Their product lineup encompasses automatic drillers, AC drawworks, turnkey land rigs, and custom rigs engineered for varying horsepower requirements from 1,000 to 3,000, with the Quicksilver Drilling System representing a significant technological advancement in the industry.

Industry Overview in the Target’s Specific Country

The drilling equipment manufacturing industry in the United States has seen substantial growth due to the booming energy sector. Innovations in drilling technolo