O2 Investment Partners Invests in Steffl Drilling & Pump for Expansion
O2 Investment Partners has invested in Steffl Drilling & Pump to enhance its nationwide water well services platform. This investment aims to accelerate organic and acquisition-driven growth in a supply-constrained industry.
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O2 Investment Partners has made a private equity investment in Steffl Drilling & Pump, a Minnesota-based firm specializing in water well drilling and repair. The financial details of the transaction remain undisclosed.
Founded in 1978 in Willmar, Minnesota, Steffl has established itself as a regional leader in water well services for various sectors. Sam Steffl, who joined the company in 2018 and now serves as CEO, is focusing on expanding the company's reach and capabilities.
Craig-Hallum acted as the financial advisor for this deal, with CIFC Direct Lending providing the necessary financing. The partnership is expected to enhance growth opportunities in a highly fragmented market.
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