DDH1 Drilling Pty Ltd
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DDH1 Drilling Pty Ltd - overview
Established
2006
Location
Perth, Western Australia, Australia
Primary Industry
Mining
About
Founded in 2006 and based in Perth, Australia, DDH1 Drilling Pty Ltd. offers engineering and drilling operations and services with the help of its current 580 employees to serve clients across Australia. The firm was formed by Murray Pollock and Matt Thurston. In 2017, Oaktree Capital Management acquired DDH1 Drilling Pty Ltd.
Since the acquisition, the company expanded its business to reach customers from the smallest to top-tier mining firms. DDH1 Drilling Pty Ltd operates a fleet of 62 multi-purpose surface and underground diamond core drilling rigs on mine sites across Australia. The company provides surface rigs, engineering rigs, and underground rigs and continuously developing a multi-tiered integrated management system that facilitates the safe and efficient implementation of drilling programs to meet the demands of its industrial clients.
Current Investors
Oaktree Capital Management
Primary Industry
Mining
Sub Industries
Industrial Machinery, Mining & Quarrying of Nonmetallic Minerals
Website
www.ddh1.com.au
Company Stage
Mature
Total Amount Raised
Subscriber access only
DDH1 Drilling Pty Ltd - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | DDH1 Drilling Pty Ltd | - | ||||||||
| Add-on | Completed | Strike Drilling Pty Ltd, L.P. | - | ||||||||
| Growth | Completed | DDH1 Drilling Pty Ltd | - |
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