Trail Blazer, Inc. is an oilfield rental company which provides its customers drill site surface equipment such as fork lifts, generators, pumps, trash trailers and water line pipe. It is headquartered in Elk City, Oklahoma, and has facilities in Chickasha and Canadian, Oklahoma. The Company provides rental service in Oklahoma and the Texas Panhandle. The founder and owner of Trail Blazer, Mr. Carl Farni, built the leading surface rental company in Oklahoma over a 23 year period.
Mr. Farni contacted The Dillard Anderson Group (DAG) after talking to industry sources about who might assist him in achieving his financial goals. DAG met with Mr. Farni, and developed an understanding of his operation and customer base. DAG, through our knowledge of the oilfield service industry of private equity markets, identified a number of strategic and financial acquisition candidates. One of the acquisition candidates was Stallion Oilfield Services, LTD, Houston, Texas. DAG was familiar with Stallion’s strategies, having worked with them on a transaction several months earlier. Trail Blazer provided a perfect fit for Stallion’s objective of expanding operations in the Oklahoma market.
DAG delivered a premium valuation (which was not publicly disclosed). In addition, Mr. Farni and his entire staff all agreed to continue operating and expanding the Company on behalf of Stallion.