Is Vernal's Superior Drilling Products Inc. for Sale? Could be, as its Board Hires an Investment Banker and Explores a "Range of Strategic Alternatives."
Vernal, Utah-based Superior Drilling Products (NYSE: SPDI) today announced it has hired Piper Sandler, a $2 billion investment banker, to help the company explore a "range of strategic alternatives."
Superior Drilling is a 30-year-old firm that generated over $19 million in revenue in fiscal 2022 (ended December 31)