Newpark Resources has acquired Alliance Drilling Fluids, enhancing its position in the drilling fluids market while ensuring continued growth under CEO Shawn Savage's leadership.

Target Company Overview

Alliance Drilling Fluids, LLC (ADF) is a prominent independent provider of drilling fluids, proppants, and related services, focusing primarily on the Permian Basin and Eagle Ford Shale markets. Established in 2004 and headquartered in Midland, Texas, ADF has garnered a strong reputation in the oil and gas sector. Following its acquisition, ADF's co-founder and CEO, Shawn Savage, will continue to lead operations within the Permian Basin under the Newpark Resources umbrella.

Shawn Savage expressed his satisfaction with GulfStar Group's representation during the transaction, stating, "Throughout the process, GulfStar guided our management team to close this transaction in a very compact time frame. GulfStar’s extensive knowledge of the process and negotiating expertise were invaluable." He highlighted the importance of partnering with an organization that shares ADF's customer-focused values.

Industry Overview

The drilling fluids market, particularly in the United States, has been experiencing significant growth due to the increased exploration and production activities driven by advancements in extraction technologies. The Permian Basin and Eagle Ford Shale, where ADF pr