Drilling Tools International Corp. to Acquire Saltire Energy Limited and Foxley Energy Limited

Fried Frank is advising Evercore as financial advisor to Drilling Tools International Corp. (DTI), a global oilfield services company, on its agreement to acquire Saltire Energy Limited and Foxley Energy Limited (combined Saltire), a leading Aberdeen-based provider of rental drilling tools. Saltire's established product bases across the North Sea, Middle East and Asia will expand and accelerate DTI's tools and technology into new growing international markets and create clear cross-selling opportunities. For more on the transaction, which is expected to close in the first quarter of 2027, read DTI's press release.

Fried Frank continues to advise Evercore as the financial advisor on high-value transactions. Most recently, the firm advised Evercore as the financial advisor to the Special Committee of Slate Grocery REIT on its agreement to be acquired by a joint venture between Brixmor and affiliates of Everview Partners and Varex Imaging Corporation on its agreement to be acquired by Teledyne Technologies.

M&A and private equity partners Philip Richter and Roy Tannenbaum are leading the Fried Frank team, which includes M&A and private equity associate Jenny Li.

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