dollars, millions) and are not adjusted for inflation (i.e., they are current values). All figures are in a common currency (U.S. In addition to the sources indicated, additional information available to the public via news and/or press releases published by players in the industry was considered in defining and calibrating this category. Companies participating in this industry include American Augers, Inc., Barbco, Creighton Rock Drill, Ltd., Direct Horizontal Drilling, Inc., Ditch Witch, Ferguson Michiana, Herrenknecht, Horizontal Technology, Inc., In rock Drilling Systems, Inc., Laney Directional Drilling Company, McCloskey International, McLaughlin Group, Inc., Midwest Underground Technology, Inc., Nabors Industries, Prime Horizontal, Savant Technology, LLC, The Toro Company, UEA, Vector Magnetics, LLC, Vermeer, and VMT GmbH Gesellschaft Für Vermessungstechnik. In this report we define the sales of horizontal directional drilling as including all commonly understood products and/or services falling within this broad category, irrespective of product packaging, formulation, size, or form. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. The study also does not consider short-term cyclicalities that might affect realized sales. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. These comparative benchmarks allow the reader to quickly gauge a country vis-à-vis others. dollars), the percent share the country is of the region, and of the globe. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. This study covers the world outlook for horizontal directional drilling across more than 190 countries. Laney was acquired through Maxim’s energy partnership with Falcon and demonstrates Maxim and Falcon’s unique ability to provide turn-key subordinated debt, preferred equity and common equity required to close a substantial change-of-control transaction.The 2023-2028 World Outlook for Horizontal Directional Drilling As with all of its portfolio companies, Maxim has empaneled a strategic board of directors including Rick Turner, Ron Page and David Lytle, who have achieved marked success through their associations with Energy Transfer Entities, Red Cedar Gathering, PVR Partners, El Paso Corporation, Boardwalk Pipeline Partners, Saddle Butte Pipeline, and Koch Industries. To learn more please visit: Maxim has partnered with existing management, including CEO Kevin Fox, to propel Laney forward as North America’s preferred supplier of HDD services for energy infrastructure. HDD is used for crossing waterways, roadways, shore approaches, congested areas, environmentally sensitive zones, and other conditions where conventional methods are more costly or not possible. Other applications of HDD include communication conduits, water lines, sewer lines and environmental remediation casings. Located in Houston, TX, the Company is the only provider of integrated engineering, design and construction services for complex, large-scale HDD projects.

Laney is the world’s largest independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry. Maxim Partners and Falcon Investment Advisors acquired Laney Directional Drilling Co. from a consortium of private equity investors in July of 2014.

Laney directional drilling co