PGI International, a manufacturer of precision machined parts and electronic systems for the energy and agricultural industries, has acquired Drilling & Production Resources
Drilling & Production Resources designs and manufactures high pressure manifold and piping systems for the oil and gas drilling industry. PGI International is a company of the Edgewater Funds, a private equity firm in Chicago.
“DPR is an ideal fit for our growing presence in the upstream segment of the oil and gas industry,” Larry Quick, president of PGI International, said in a prepared statement.
Drilling & Production Resources was advised by investment banking firm Crutchfield Capital Corp. and law firm Gardere Wynne.