Drilling Tools International Corp（DTI）资讯与事件DTIDrilling Tools International Corp

DTI to Acquire Saltire Energy and Foxley Energy for $80M

Drilling Tools announced that it has entered into a definitive agreement to acquire Saltire Energy and Foxley Energy. Total consideration consists of approximately $80M in cash and 17.4M shares of DTI common stock, par value $0.0001 per share, subject to customary closing adjustments. The transaction is expected to close in the first quarter of 2027. The combination with Saltire is expected to be accretive to both adjusted EBITDA margins and adjusted free cash flow per share in the first year following closing. Saltire is expected to generate run rate 2026 revenue of approximately $50.4M, adjusted EBITDA of approximately $22.5M, representing a 45% adjusted EBITDA margin, and adjusted free cash flow of $15.8M. The transaction is expected to increase DTI's Eastern Hemisphere contribution from approximately 18% of DTI's standalone revenue in the second quarter of 2026 to approximately 40% of pro forma revenue post-close. Under the terms of the definitive agreement, DTI will acquire 100% of Saltire for total consideration of approximately $80M in cash and 17.4M shares of DTI common stock, subject to customary closing adjustments. The value of the share consideration will be determined by multiplying 17.4M shares by the 20-day volume-weighted average price of DTI's common stock immediately prior to closing. The share consideration is fixed at 17.4M shares of DTI common stock and will not be adjusted for changes in the market price of DTI common stock prior to closing. Upon closing, the sellers, including the Loggie family, are expected to own approximately 30% of DTI common stock. The shares will be subject to lock-up arrangements, the terms of which will be described in the registration statement on Form S-4. DTI expects to fund the cash consideration through new debt financing and borrowings under its existing credit facility. The transaction, which is expected to close in the first quarter of 2027, is subject to customary regulatory approvals and closing conditions, including approval by DTI's stockholders. DTI intends to file a registration statement on Form S-4 with the SEC, which will include additional information regarding the transaction. Upon closing, Wayne Prejean will continue to serve as chairman and CEO of DTI. Mike Loggie, Saltire's founder, and all members of Saltire's management team will remain with the combined company. DTI Common Stock will continue to trade its common stock on Nasdaq under the symbol (DTI).

Four Corners Property Trust Acquires DTI Property for $4.7M

Four Corners Property Trust (FCPT) announced the acquisition of a Drilling Tools International property for $4.7M. Drilling Tools International (DTI) is a publicly traded oilfield services company that manufactures and rents downhole drilling tools used in horizontal and directional drilling of oil and natural gas wells. The property is a drilling equipment manufacturing and rental facility located in a strong industrial corridor in Louisiana and corporate-operated under a long-term, triple net lease with approximately 11 years of term remaining. The transaction was priced at a 7.1% cap rate including rent credits received at closing and exclusive of transaction costs.

Sees 2026 Adjusted EBITDA of $35M-$45M

Sees 2026 adjusted EBITDA $35M-$45M.