HardRock Infrastructure Services, Tower Arch Capital Acquire HDW Construction & Drilling
HardRock Infrastructure Services and Tower Arch Capital recently announced the acquisition of HDW Construction & Drilling and the go-forward partnership with the founder and owner, Shohn Huckabee. This partnership further expands HardRock’s reach into the water and wastewater utility industry.
“This partnership with HDW further solidifies HardRock as one of the top providers of directional drilling and infrastructure services in Texas,” says Robert Myers, CEO of HardRock. “We are thrilled to partner with Shohn and the HDW team and we look forward to growing together and continuing to diversify and expand our services.”
Founded in 2015 and headquartered in Seguin, Texas, HDW is an auger boring and tunneling company that specializes in drilling pipelines for water and wastewater infrastructure such as sewers, drinking water pipes and stormwater drainage networks.
“HDW has long been a trusted provider of infrastructure services for water and utility customers. We are very proud of our team and all their contributions to HDW’s success thus far,” says Huckabee. “The partnership with HardRock and Tower Arch Capital will allow us to continue to provide high-quality services while expanding our presence throughout Texas and beyond.”
HDW primarily services water utility and municipality customers throughout Texas. HDW will be a wholly owned subsidiary of HardRock, and the Huckabee family will continue as significant investors in the consolidated HardRock business.
“We are very excited about the addition of Shohn and the entire HDW team. HDW’s culture and approach to providing the best service with safety top of mind make this a natural fit with HardRock,” says David Topham, a partner at Tower Arch Capital. “We look forward to supporting HardRock through this next stage of growth.”
Terms of the transaction were undisclosed. Financing for the transaction was provided by Zions Bank. Advisors for Tower Arch Capital included Gibson, Dunn & Crutcher LLP and BDO USA, LLP. HDW was advised by Ainsa, Huston, Hester & Crews LLP.
SOURCE – HardRock Infrastructure Services
