Idea Drilling Overview

  • Year Founded
  • 1997

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 2

Idea Drilling General Information

Description

Provider of core drilling and surveying services. The company specializes in coring, engineering, mineral exploration and environmental drilling services by using wedge drilling techniques, which allows multiple core samples from a single hole enabling exploration and mining companies to benefit from time and money savings.

Contact Information

Website
www.ideadrilling.com
Formerly Known As
Idea
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • 1997 9th Avenue North
  • Virginia, MN 55792
  • United States
Primary Industry
Other Commercial Services
Acquirer
Timberline Drilling
Corporate Office
  • 1997 9th Avenue North
  • Virginia, MN 55792
  • United States

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Idea Drilling Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Idea Drilling Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Idea Drilling FAQs

  • When was Idea Drilling founded?

    Idea Drilling was founded in 1997.

  • Who is the founder of Idea Drilling?

    Dick Backstrom and Pam Backstrom are the founders of Idea Drilling.

  • Where is Idea Drilling headquartered?

    Idea Drilling is headquartered in Virginia, MN.

  • What industry is Idea Drilling in?

    Idea Drilling’s primary industry is Other Commercial Services.

  • Is Idea Drilling a private or public company?

    Idea Drilling is a Private company.

  • What is Idea Drilling’s current revenue?

    The current revenue for Idea Drilling is 000000.

  • Who are Idea Drilling’s investors?

    Orion Financial Corp. and Stewart Capital Partners have invested in Idea Drilling.

  • When was Idea Drilling acquired?

    Idea Drilling was acquired on 01-Oct-2018.

  • Who acquired Idea Drilling?

    Idea Drilling was acquired by Timberline Drilling.

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