American Capital Strategies' (ACAS) Castle Harlan Agrees to Buy Anchor Drilling Fluids USA
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Castle Harlan, the New York private equity investment firm, announced it has signed a definitive agreement to purchase Anchor Drilling Fluids USA, Inc., the nation's largest independent provider of drilling fluids and fluid-handling services for onshore oil and gas drilling, in a purchase valued at $250 million. Anchor is a portfolio company of American Capital Strategies, Ltd. (Nasdaq: ACAS), a private equity firm based in Bethesda, Maryland.
The transaction is expected to close in a few weeks, subject to the satisfaction of customary conditions, including debt financing for the transaction. JT
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