Friday, June 28, 2013
Clearlake Capital Completes Acquisition
Santa Monica-based private equity firm Clearlake Capital has completed the acquisition of the North American Rental and Tubular Services divisions of Archer Limited, the firm said today. The new company will be renamed IronGate Energy Services. Financial terms of the buy were not announced. IronGate provides rental of drill pipe and drilling equipment to oil and natural gas exploration and production operators in North America. Clearlake manages around $1.4 billion in capital.