logo
Charger Investment Partners Acquires Versa-Drill

Charger Investment Partners Acquires Versa-Drill

Los Angeles-based Charger Investment Partners has completed the acquisition of Versa-Drill, a market-leading designer and assembler of premium drilling rigs used in water well, geothermal and cathodic protection applications. Terms of the transaction were not disclosed.
Headquartered in Indianapolis, Indiana, Versa-Drill is recognized as the leading manufacturer of mid-sized drilling rigs in North America. With significant market share in its target segment and a growing installed base, Versa-Drill has built a reputation for innovation, superior performance and customer service. The company's rigs are critical to supporting water infrastructure and renewable energy development across the U.S.
'Versa-Drill exemplifies the type of business Charger seeks to partner with, an essential infrastructure platform with a legacy of engineering excellence and clear opportunities for growth,' said Chris Boyle, co-founder and partner at Charger. 'We're excited to support Versa-Drill as it accelerates new product development, expands its aftermarket parts and service offering, and drives continued innovation in the drilling rig market.'
Charger is partnering with Versa-Drill's leadership team, including Marcus Laibe and Marty Wright, who will continue to lead the business and maintain significant ownership alongside Mark Laibe, the company's original founder. In addition, Kent Wartick, former vice president of Layne Christensen's Water Resources Division, will join the board to support Versa-Drill's next phase of growth.
'We are proud of the company we've built and are thrilled to partner with Charger to help Versa-Drill reach new heights,' said Laibe. 'This partnership allows us to accelerate our strategic initiatives while maintaining the culture and values that have made Versa-Drill successful. My family and I, along with Marty, are deeply invested in the future of the business and excited about what's ahead.'
Versa-Drill is well-positioned to benefit from macro tailwinds, including increased investment in water infrastructure, domestic re-shoring initiatives and growing demand for geothermal energy solutions. Utilizing growth capital from Charger, the company plans to introduce multiple new products in the near term, including a track-mounted rig specifically targeting the geothermal end market and a light-weight rig that does not require a commercial driver's license.
The acquisition aligns with Charger's strategy of investing in founder-led, industrial businesses serving mission-critical markets. Versa-Drill joins Charger's growing portfolio of infrastructure-related and engineered product companies.
Information was sourced from Businesswire. To learn more, contact pjw@chargerinv.com.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bodega Reinvents the Formstip Logo in Upcoming PUMA Suede Collaboration
Bodega Reinvents the Formstip Logo in Upcoming PUMA Suede Collaboration

Hypebeast

time30 minutes ago

  • Hypebeast

Bodega Reinvents the Formstip Logo in Upcoming PUMA Suede Collaboration

Name:Bodega x PUMA SuedeColorway:TBCSKU:TBCMSRP:TBCRelease Date:August 9Where to Buy:Bodega Boston-based retailerBodegais putting a unique spin onPUMA'sSuedesihouette, remagining the classic basketball-turned-lifestyle silhouette with an 'Engineered for Expression' ethos. The sneaker balances a forest green shaggy suede upper with a textured brown midsole, while a plush leather lining and a neon green inner collar inject an eye-catching contrast. On the laterals, looped and interlaced cords recreate PUMA's emblematic Formstrip logo. Every pair also comes with a lace kit guide that allows one to customize the pattern to make the sneakers truly your own. Other details include cross-stitched tongue accents, visible eyelet stitching and a cork insole. Alongside the Suede sneakers, Bodega and PUMA will also unveil a complementary apparel capsule – think graphic tees, jerseys, outerwear and shorts – rounding out a head-to-toe collaboration.

Satellite group SES beats revenue forecast as defence spending rises in Europe
Satellite group SES beats revenue forecast as defence spending rises in Europe

Yahoo

time3 hours ago

  • Yahoo

Satellite group SES beats revenue forecast as defence spending rises in Europe

(Reuters) -European satellite company SES reported second-quarter revenue above market expectations on Thursday, buoyed by its strong backlog of government contracts, and reiterated its guidance for 2025. "We have a robust pipeline of Government opportunities supported by increased defence spending in Europe," CEO Abdel Al-Saleh said in a statement. The Luxembourg-based company signed 690 million euros ($789.15 million) worth of new contracts in the first half of 2025, with a gross backlog of 4.2 billion euros at the end of the period. Its total revenue reached 469 million euros in the second quarter, ahead of analysts' 464 million euro forecast provided by SES. ($1 = 0.8744 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Boomi Brings Sovereign Data Integration to Australia
Boomi Brings Sovereign Data Integration to Australia

Business Upturn

time3 hours ago

  • Business Upturn

Boomi Brings Sovereign Data Integration to Australia

Business Wire India Boomi™, the leader in AI-driven automation, today announced the local availability of Boomi Data Integration from within an Australian data centre, enabling local enterprises to move data faster, more securely, and in compliance with national regulations. The launch comes after Boomi acquired Rivery, a modern data integration provider. This underscores Boomi's strategic investment in local infrastructure and its commitment to solving Australia's most pressing data challenges. With a Sydney-based instance of Boomi Data Integration now live, Australian organisations can deploy log-based Change Data Capture (CDC) and near-real-time Extract, Load, and Transform (ELT) pipelines entirely onshore. That means sensitive data remains within national borders, latency is reduced, and there's clear alignment with local data sovereignty laws. 'A strong addition to Boomi's data platform alongside DataHub, Boomi Data Integration brings big data capabilities to Australian and New Zealanders, all within the same no-code/low-code experience Boomi users know and trust,' said Nikolai Blackie, Co-founder, Adaptiv, an Australasian data and integration consultancy and Boomi partner. The launch supports regulatory requirements under the Privacy Act 1988, the Australian Privacy Principles (APPs), and sector-specific frameworks including APRA CPS 234 and the My Health Records Act. Boomi's customers span highly regulated industries including financial services, government, education, and healthcare, all of which stand to benefit from improved compliance, confidence, and data agility. This latest development strengthens Boomi's unified platform strategy, which aims to bring integration, API management, data management, and AI readiness under a single layer of AI-driven intelligence. It also reduces reliance on disconnected point solutions, helping customers simplify their technology stacks and accelerate digital transformation — securely and at scale. 'AI agents, predictive models, and real-time analytics all demand one thing: trusted data, delivered quickly and securely,' said David Irecki, Chief Technology Officer for Asia Pacific and Japan at Boomi. 'But in Australia, compliance is just as critical as speed, especially when you start to consider sectors like finance, government, and healthcare.' 'With local deployment of Boomi Data Integration, we're removing any compliance barriers to AI-related to data sovereignty, while giving our partners and end-users the near-real-time data capabilities they need to innovate.' Additional Resources Hear from Boomi's global customers Follow Boomi on X, LinkedIn, Facebook, and YouTube About Boomi Boomi, the leader in AI-driven automation, enables organizations worldwide to connect everything, automate processes, and accelerate outcomes. The Boomi Enterprise Platform — including Boomi Agentstudio — unifies integration and automation along with data, API, and AI agent management, in a single, comprehensive solution. Trusted by over 25,000 customers and supported by a network of 800+ partners, Boomi is driving agentic transformation — helping enterprises of all sizes achieve agility, efficiency, and innovation at scale. Discover more at © 2025 Boomi, LP. Boomi, the 'B' logo, and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners. View source version on Disclaimer: The above press release comes to you under an arrangement with Business Wire India. Business Upturn take no editorial responsibility for the same. Ahmedabad Plane Crash

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store