Stephens Group To Acquire Multi-Shot

The Stephens Group has agreed to acquire a majority stake in Multi-Shot LLC, a Conroe, Tenn.-based provider of directional drilling services. The transaction completes a partial company recap, with Stephens both making a majority equity investment and providing subordinated debt financing. No financial terms were disclosed. Prior to the recap, Multi-Shot was owned by management and private equity firm Catalyst/Hall.