Boart Longyear has sold its U.S. environmental and infrastructure business to Cascade Drilling

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Boart Longyear has sold the U.S. operations of its Environmental and Infrastructure (“E&I”) drilling services business to Cascade Drilling, LP (“Cascade”), a provider of environmental, geotechnical, and mining drilling services based in Woodinville, WA. The terms of the transaction were not disclosed.

With 13 locations across the U.S., E&I is a leading provider of drilling services used for environmental investigation and remediation, water exploration, and construction and geoconstruction applications. The transaction combines the strengths of E&I with those of Cascade to create an environmental and geotechnical drilling company with over 200 sonic, rotary, auger, coring and probe rigs serving clients across North America.

Lincoln acted as exclusive financial advisor to Boart Longyear in this transaction, working closely with the Boart Longyear and E&I teams throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

About Boart Longyear

Boart Longyear is the world’s leading provider of drilling services, drilling equipment, and performance tooling for mining and drilling companies globally. It also has a substantial presence in aftermarket parts and service, energy, mine de-watering, oil sands exploration, and production drilling. Boart Longyear is headquartered in Salt Lake City, UT, and listed on the Australian Securities Exchange (ASX:BLY) in Sydney, Australia.

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