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Intervale Capital acquires majority stake in PDC Logic

Energy-focused private equity firm, Intervale Capital has acquired a majority stake in PDC Logic, a manufacturer of drilling and completion bits with U.S. service locations in the Permian Basin, Mid-Continent, Eagle Ford and DJ Basin, PE Hub reported. Financial terms of the transaction were not announced. PNC Business Credit provided financing for the transaction. Wheeler, Morgan & Brown PLLC acted as legal counsel to PDC Logic and Baker Botts LLP provided legal counsel to Intervale.

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PE Deals,private equity,private equity deals