Alpha Oil Tools is a downhole, wireline service tool company located in Fort Worth, Texas. Alpha was a closely held family business in operation for 25 years. Their market is primarily in the drillable bridge plug and cement retainer applications selling to wireline service companies as well as some packer and tool firms.
In late 2005, Alpha entered into discussions with DAG regarding selling the business. They shortly thereafter contracted with the Dillard Anderson Group to represent the Company in this transaction. Mr. Max Dillard came to the plant to look at the operation and give an overview of the paths and options to pursue. Alpha subsequently entered into a relationship with the Dillard Anderson Group and proceeded with their plan.
The Company was sold on May 1st, 2006 to Weatherford. Jim Smith of Alpha says: “We were very excited to complete the transaction and are very pleased with the professional advise and plan carried out by Dillard Anderson to see this day come. It was a very effective and personal relationship with both Max Dillard and Sam Anderson giving us their counsel and expertise that got the job done for us. We accomplished our goal and it was because of their help that we did so.”