Ashmin, L.C.
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Ashmin, L.C. - overview
Established
2002
Location
Conroe, TX-Texas, US
Primary Industry
Industrial Machinery
About
Ashmin, L. C. is a company specializing in advanced downhole drilling technologies, primarily focusing on performance drilling solutions and innovative tools for the oil and gas sector. Founded in 2002 and headquartered in Conroe, US, Ashmin, L.
C. focuses on the design and manufacture of downhole drilling technologies. The company has had one deal, with the most recent funding round being a GROWTH round in October 2017 where EV Private Equity invested USD 15 mn, bringing the total amount raised to USD 15 mn. The CEO, Neil Fletcher, has experience in the industry, although further details about his prior ventures are not available.
Ashmin, L. C. is recognized for its advanced downhole drilling technologies, specifically its performance drilling motors and proprietary tools like the STORM Tool™, AXE Tool™, and JOLT Tool™. These offerings enhance drilling efficiency in challenging environments, catering to the specific requirements of clients within the oil and gas sector.
Their technology is utilized across significant markets including North America, the Middle East, and parts of South America, where demand for innovative drilling solutions is essential. Ashmin, L. C. generates revenue through direct business-to-business transactions in the oil and gas industry.
Their clients, including drilling contractors and operators, engage in the purchase of individual tools or bundled service agreements, ensuring tailored solutions for their downhole applications. The pricing for these products reflects the high value and engineering quality of tools like the STORM Tool™ and AXE Tool™, supported by ongoing partnerships and contracts that foster repeat business. Ashmin, L. C.
plans to utilize the USD 15 mn raised in October 2017 to support the development of new products and expand into additional markets. The company is focusing on enhancing its product line with the introduction of new tools aimed at improving drilling performance. They are also targeting expansion into emerging markets in Africa and Asia, slated for 2025, to capitalize on the growing demand for innovative drilling solutions.
Current Investors
EV Private Equity
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
http://ashmin.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Ashmin, L.C. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Ashmin, L.C. | - |
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Ashmin, L.C. - employee data
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