June 2010 Vol. 65 No. 6
Business
Southeast Directional Drilling Acquires Frontier Pipeline
Southeast Directional Drilling has acquired the assets of Frontier Pipeline, a Minnesota-based horizontal directional drilling (HDD) company. Financial terms of the acquisition were not disclosed.
“This acquisition represents the first of several anticipated capacity additions planned to meet the growing demands of our customers,” said Steve Ugrich, CEO of Southeast Directional Drilling. “We have great financial health and are well-capitalized, and look forward to continuing to broaden our capabilities and influence.”
Under terms of the agreement, Frontier Pipeline equipment, other key resources and personnel will be added to Southeast Directional Drilling. Frontier Pipeline CEO Dan Baillargeon will join the Southeast Directional executive team.
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