Harris Williams & Co. Advises Drillinginfo on its Pending Sale to Genstar Capital
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for more than 25 years, announces that it is advising Drilling Info Holdings, Inc. (Drillinginfo), a portfolio company of Insight Venture Partners (Insight), on its pending sale to Genstar Capital (Genstar). Drillinginfo is a leading provider of integrated software, data and analytics solutions to the global energy market. The transaction is being led by Jeff Bistrong, Tyler Dewing, Scott Reinig and John Sutton of Harris Williams & Co.’s Technology, Media & Telecom (TMT) Group and Drew Spitzer and Luke Semple of the firm’s Energy, Power & Infrastructure (EPI) Group.
Jeff Bistrong, a managing director at Harris Williams & Co. stated, “The opportunity to work alongside a top notch management team building one of the energy market’s leading SaaS-based analytics platforms has been a great experience. Under the leadership of Jeff Hughes, CEO and president, and Allen Gilmer, co-founder and executive chairman, Drillinginfo has evolved to become the clear leader in delivering actionable insights to the largest global enterprises down to the smallest oilfield service providers. We look forward to the continued success of the platform as it transitions from one leading private equity investor in Insight to another with Genstar.”
Tyler Dewing, a managing director at Harris Williams & Co. added, “Through significant internal new product development and targeted strategic acquisitions, Drillinginfo has expanded its solution suite to span the entire energy value chain from upstream to downstream, and across interrelated financial and capital markets activities. In spite of the company’s significant scale, Drillinginfo has maintained an entrepreneurial and innovative culture more typical of a startup, and is very well-positioned to continue its strong growth with the new backing of Genstar, and ongoing support from Insight.”
Drillinginfo delivers business-critical insights to the energy, power and commodities markets. Its state-of-the-art SaaS platform offers sophisticated technology, powerful analytics and industry-leading data. Drillinginfo's solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production (E&P), oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient and competitive. Drillinginfo delivers actionable intelligence over mobile, web and desktop platforms to analyze and reduce risk, conduct competitive benchmarking and uncover market insights. Drillinginfo serves over 3,500 companies globally from its Austin, Texas, headquarters and has more than 675 employees.
Insight is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $18 billion and invested in over 300 companies worldwide. Insight’s mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success.
Genstar is a leading private equity firm that has been actively investing in high quality companies for more than 25 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has $9.7 billion of assets under management and focuses investments on targeted segments of the software, industrial technology, healthcare and financial services industries.
Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements, and capital markets advisory services.
Harris Williams & Co.’s TMT Group advises leading private and public companies, entrepreneurs, private equity firms, and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The TMT Group has deep domain expertise in the Software/SaaS and Internet & Digital Media segments, with particular emphasis on specific verticals including education, energy technology, fintech, public sector, and supply chain/logistics and has a dedicated healthcare technology (HCIT) practice. Across verticals it also advises technology services and networking solutions businesses. For more information on the TMT Group and its recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.
Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including industrial and infrastructure services, oil and gas equipment and services, energy efficiency and clean tech, power products and technology, engineering and construction and environmental services. For more information on the firm’s energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.