Blackhawk Specialty Tools Completes Acquisition of Trinity Tool Rentals

HOUSTON (June 10, 2014) – Blackhawk Specialty Tools LLC announced it has completed the acquisition of Trinity Tool Rentals LLC, including its wholly owned subsidiary Blake Manufacturing LLC. The terms of the transaction were not disclosed. Blackhawk Specialty Tools LLC was founded in 2008, is headquartered in Houston and provides premium automated top drive cement heads and other related cementation products and services. “We are excited to add the Trinity and Blake product lines to the existing Blackhawk offerings,” said Billy Brown, president and CEO of Blackhawk Specialty Tools. “We look forward to assisting Trinity in building upon its strengths in service, quality and safety, so it can expand its business and product lines in the Gulf and other markets around the world.” Trinity Tool Rentals, founded by Harvey Sharp III and Jason Galbreath in 1998, designs, rents and sells technologically advanced drilling and completion equipment to major integrated oil and gas companies, large independent oil and gas companies and wireline service providers for onshore and offshore use. Trinity Tool Rentals’ product offerings include setting tools, packers, bridge plugs and cement retainers. Headquartered in Gray, Louisiana, with operation centers in Broussard, Louisiana, and Corpus Christi, Texas, Trinity operates throughout the Gulf of Mexico, the continental U.S. and internationally. Blake Manufacturing, founded by Sharp, Galbreath and Hansel Thornton, is headquartered in Fort Worth. Sharp, president and CEO of Trinity, will lead the new Trinity Tool division of Blackhawk Specialty Tools, along with the current senior management team. Sharp said, “The management team is excited to join forces with Blackhawk Specialty Tools as we continue to grow our business to meet the needs of our customers and attract new customers in the U.S. and around the world. This partnership allows us to expand our geographic footprint and increase our product offerings to better serve our customers, employees and other stakeholders.” “Blackhawk and Trinity have similar business principles regarding top-notch service and reliability for our customers,” Brown said. “Combining Blackhawk’s industry-leading engineering team and existing market infrastructure with Trinity’s strong service personnel and leadership provided by Harvey and the management team will allow us to grow our combined companies in mutually beneficial ways and will directly benefit our customers through increased efficiency and complementary product offerings.” The Law Offices of Eddie Pullaro acted as legal advisers to Trinity Tool Rentals LLC. Ropes & Gray LLP acted as legal advisers to Blackhawk Specialty Tools LLC. Financing was provided by GE Antares Capital. Blackhawk Specialty Tools LLC supplies engineered cementing solutions providing automated top drive cement heads and related equipment, cementation products and service to the oil and gas industry.