Drillinginfo To Be Acquired By PE Firm Genstar Capital

[Editor’s note: This story was updated from a previous version posted at 8:35 a.m. CST June 19.]

Private-equity firm Genstar Capital said June 19 it agreed to acquire Drilling Info Holdings Inc. from Insight Venture Partners for an undisclosed amount.

Upon closing the transaction, Insight Venture Partners will retain a significant minority stake in Drillinginfo. Meanwhile, Genstar will become the new majority shareholder of the Austin, Texas-based software, data and analytics business, which itself has been on an acquisition campaign.

Drillinginfo has successfully completed more than 10 acquisitions, including the purchases of GlobalView Software, Oil-Law Records Corp., DataGenic Ltd. and Pattern Recognition Technologies Inc. since CEO and President Jeff Hughes came on board in March 2016.