Maxim Partners and Falcon Investment Advisors have acquired Laney Directional Drilling, a horizontal directional drilling company for the oil and gas pipeline industry. Laney, which received a $43 million debt financing round earlier this year, will use the investment to increase its portfolio of HDD capabilities and extend its geographic reach. Founded in 1989, the company serves customers in the global energy, telecommunications and infrastructure markets. Laney was previously backed by a consortium that included Chart Capital Partners and Quilvest Private Equity. Chart Capital will retain a minority ownership stake.