Boart Longyear Ltd - Company Profile
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Boart Longyear Ltd (Boart Longyear) is a provider of drilling services, equipment, tooling, and related technical solutions. Its major activities include mineral exploration drilling, production drilling, water services, mine dewatering, infrastructure drilling, and drill-and-blast support. The company offers products and services including surface and underground coring, reverse circulation and rotary drilling, directional and sonic drilling, drilling rigs, wireline rods, drill bits, reamers, casing systems, down-hole tools, instrumentation, parts, and maintenance services. The company markets its products under the brands name of FREEDOM, SuperQ, XQ, HD, and Stingray. The company serves mining, energy, environmental, water, construction, infrastructure, and oil industries. Boart Longyear operates across North and South America, Europe, the Middle East, Africa, Asia, and Oceania. Boart Longyear is headquartered in West Valley, Utah, the US.
Headquarters
United States of America
Address
2455 South 3600 West, West Valley, Utah, 84119
Website
www.boartlongyear.com
Telephone
1 801 9726430
Industry
Industrial Goods and Machinery
Revenue (2023)
$1.1B
Boart Longyear Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Sonic Drilling Equipment | Environmental Drilling | Superq |
| Drilling Equipment | Drilling Services | Xq |
| Performance Tooling | Aftermarket Parts And Servicing | Stingray |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In January, the company announced its acquisition of the naming rights to the North Bay Memorial Gardens arena in Canada, which will now be known as Boart Longyear Memorial Gardens. The North Bay City Council officially approved the agreement, marking a significant partnership that highlights the company's longstanding presence in the community. |
| 2024 | Ownership Changes | In April, the company was acquired by American Industrial Partners Capital Fund. |
| 2022 | New Products/Services | In January, the company launched LM Deephole Underground Rig Offering, a PQ drill head. |
Competitor Comparison
| Key Parameters | Boart Longyear Ltd | Caterpillar Inc | Sandvik AB | Epiroc AB | Superior Energy Services Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Sweden | Sweden | United States of America |
| City | West Valley | Irving | Stockholm | Nacka | Houston |
| State/Province | Utah | Texas | Stockholm | Stockholm | Texas |
| No. of Employees | - | 118,000 | 42,373 | 19,398 | 2,396 |
| Entity Type | Private | Public | Public | Public | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Denis Despres | Chief Executive Officer - Drilling Services; Chief Operating Officer | Senior Management | 2023 | - |
| Annelie Lundstrom | Chief Executive Officer - Veracio | Senior Management | 2024 | - |
| Ermanno Simonutti | Chief Executive Officer - Drilling Products | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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