Tower Arch Capital Announces Recapitalization of Hard Rock Directional Drilling LLC

Tower Arch Capital, in partnership with founder and CEO Robert Myers IV, announced it has completed the recapitalization of Hard Rock Directional Drilling LLC.
 
Hard Rock is a San Antonio, Texas-based specialty-boring and services company primarily serving the energy industry, using horizontal directional drilling in the installation of oil and gas pipelines.

Founded by Myers in 2003, the company has extensive knowledge of and a local presence in five locations across Texas, including sites in the Eagle Ford and Permian Basins. The company has successfully completed over than 1.75 million ft of bores to satisfy the continually growing demand for gathering and transmission infrastructure. Hard Rock also offers ancillary services, including hydro excavation, oilfield services, and equipment fabrication.

“The Tower Arch team has extensive experience in energy services and an approach to businesses which makes them an attractive partner for our management team, employees and customers,” said Myers. “We look forward to working with Tower Arch to expand our geographic footprint and further improve our industry-leading horizontal directional drilling services in the construction of Oil and Gas pipeline infrastructure.”

“We are thrilled to partner with Robert and his team at Hard Rock. The company’s track record of growth and superior service makes it a perfect platform for our portfolio. This is a team and a company that is well-prepared to capitalize on the tremendous growth expected in the basins that they serve, said Tower Arch Capital partner David Topham.
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