DALLAS–(BUSINESS WIRE)–Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Authentic Drilling, Inc. to Specialty Drilling Holding Company LLC, a portfolio company of Kalbot Holding Company LLC. The transaction closed August 31, 2023.
Authentic Drilling (Authentic) is a leading multi-regional provider of difficult access geotechnical, environmental, exploration, and water well drilling services. Located in Colorado and offering services in multiple states across the Southwestern, Western, and Northwestern U.S., Authentic serves diverse end markets spanning water, renewable energy, mining exploration, as well as land, water, and over-water infrastructure. Over its history, Authentic has become recognized for: unparalleled difficult access drilling capabilities; a highly skilled and experienced workforce; and the region’s newest and most diversified fleet of state-of-the-art drilling and support equipment.
Kalbot Holding Company (Kalbot) is a private investment firm that invests in lower-middle-market industrial businesses, with a primary focus on the Environmental Services and Industrial Services sectors. Kalbot seeks to identify and acquire proven businesses within its core sectors that have a well-established reputation, consistent customer relationships, and demonstrated growth potential.
Specialty Drilling Holding Company is a platform company that was formed by Kalbot in 2022 to invest in Western U.S.-based companies that offer highly specialized drilling and related services for geotechnical, environmental, and other applications, with a primary focus on the development, maintenance, repair, and rehabilitation of critical land, water, over-water, and subsurface infrastructure.
Generational Equity Executive Managing Director of M&A – Western Region, Stephen Crisham and his team, led by Sr. Managing Director Mergers & Acquisitions, Fred Zweifel, with support from Sr. Managing Director – Western Region, Lori Galloway closed the deal. Senior Managing Director Doug Morrow established the initial relationship with Authentic.
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.