ROC Energy Acquisition Corp. (ROC) to Combine with Drilling Tools International in $319M Deal
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ROC Energy Acquisition Corp. (NASDAQ:ROC) has entered into a definitive agreement to combine with oilfield services company Drilling Tools International (“DTI”) at an enterprise value of $319 million, or 5.5x projected 2023 adjusted EBITDA. The Houston, Texas-based company manufactures and provides a differentiated, rental-focused offering of tools used for horizontal and directional drilling. The combined company is
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