Star Equity Holdings Expands Energy Services Division with Machine Shop Acquisition in Vernal, Utah
Key Highlights
- ➤Star Equity’s ADT acquired a Vernal, Utah machine shop on October 23, 2026.
- ➤6,300-square-foot facility adds in-house repair, rebuild, and machining capabilities.
- ➤ADT’s Vernal operation becomes a full-service location spanning rental, machining, repair, and rebuild.
- ➤Expanded capacity targets Uinta Basin oil and gas, regional mining, and geothermal opportunities.
Expert Statements
Jeff Eberwein, CEO of Star Equity Holdings
“Expanding our Energy Services division’s capabilities is a key part of our strategy to grow, and adding in-house machining in Vernal is a natural next step in that effort. With Star’s financial support and ADT’s customer base, operating platform, and equipment, we believe the Vernal shop can add capacity, take on more work, and build on its established customer relationships. We expect this addition to create long-term value for Star’s shareholders.”
Ryan Thomas, President of Alliance Drilling Tools
“Having our own machine shop in Vernal lets us respond faster, rely less on outside machining, and offer customers a true one-stop shop in the Uinta Basin. We have relied on this shop for our machining needs in Vernal for more than a decade, and its people are a terrific culture fit. We are excited to welcome the team.”
OLD GREENWICH, Conn., Oct. 26, 2026 (GLOBE NEWSWIRE) -- Star Equity Holdings, Inc. (Nasdaq: STRR and STRRP) (“Star” or the “Company”), a diversified holding company, announced today that its wholly owned Alliance Drilling Tools (“ADT”) business, part of the Company’s Energy Services division, has expanded its customer support capabilities in the Rocky Mountain region through an affiliate’s acquisition of a privately held Vernal, Utah-based machine shop that provides repair, rebuild, and machining services for well fishing tools, drill pipe, and other drilling equipment. The transaction closed on October 23, 2026, and the shop will work alongside ADT’s existing Vernal operation.
The acquisition serves a critical energy services niche in the region, helping customers reduce downtime and improve rig productivity by getting essential equipment back in service quickly. The business operates from an approximately 6,300-square-foot facility on two acres located minutes from ADT’s existing Vernal operation.
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