Acquiring Company
Star Equity Holdings
Acquired Company
Vernal Utah-based machine shop
GreenwichVernalFinancial ServicesHealth CareFinanceVenture CapitalAngel InvestmentConstructionBuilding MaintenanceManufacturingOil And GasDescription
Star Equity Holdings announced that an affiliate of its Alliance Drilling Tools business acquired a privately held machine shop in Vernal, Utah. The shop provides repair, rebuild, and machining services for drilling equipment. The transaction closed on October 23, 2026, and the shop will work alongside ADT's existing Vernal operation.
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Frequently asked
Who acquired Vernal Utah-based machine shop?
Vernal Utah-based machine shop was acquired by Star Equity Holdings, based in Greenwich. The deal was reported on October 23, 2026. Star Equity Holdings, Inc. is a diversified holding company currently composed of two divisions: Construction and Investments. Star Equity Holdings is publicly traded (STRR) and operates in Financial Services.
When did Star Equity Holdings acquire Vernal Utah-based machine shop?
Star Equity Holdings's acquisition of Vernal Utah-based machine shop was reported on October 23, 2026. Star Equity Holdings announced that an affiliate of its Alliance Drilling Tools business acquired a privately held machine shop in Vernal, Utah. The shop provides repair, rebuild, and machining services for drilling equipment. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Vernal Utah-based machine shop do?
A privately held machine shop in Vernal, Utah that provides repair, rebuild, and machining services for well fishing tools, drill pipe, and other drilling equipment. It will operate alongside Alliance Drilling Tools' existing Vernal operation. It is privately held, operating in Manufacturing, and is based in Vernal.
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