Drillform Technical Services, Ltd (“Drillform”)

Drillform is a Calgary, Canada-based company with facilities in Tulsa, Oklahoma, USA and Abu Dhabi, UAE. Drillform holds a portfolio of patents and intellectual property related to equipment used in the handling of drill pipe during drilling operations. Drillform has established a significant installed base of automated floor wrenches and catwalks.

HMH Holdings B.V. (“HMH”)

HMH is an independent company formed in October 2021, through the merger of Baker Hughes’ (NASDAQ:BKR) Subsea Drilling Systems business and Akastor ASA’s (Oslo:AKAST) wholly owned subsidiary, MHWirth AS. HMH combines integrated delivery capabilities, capital, renowned industry expertise and delivers the full range of offshore drilling equipment products and packages at scale. HMH aims to support the industry’s transition toward more energy-efficient solutions, as well as deploying technologies and service solutions to make the sector more competitive through increased drilling efficiency. Moreover, HMH’s service and technology portfolio will be utilized as a springboard for future growth, both within drilling services and when pursuing opportunities towards adjacent industries such as renewables and mining.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services to middle market companies that offer products and services to the following end markets: