Rock Hill Capital Group Invests in Duracoatings

Rock Hill Capital Group (Rock Hill) has announced its investment in Oklahoma City-based Duracoatings Holdings, LLC (Duracoatings or DCI), the largest provider of chrome reworking and coating of downhole motor-related tools in the United States.

In 1993, Duracoatings was established by Cliff Smith, Sr. DCI continues to perform work in the metal finishings industry, providing electroplating, thermal spraying, grinding and polishing for the oil and gas industry, plus many other industries which deploy hydraulics, pumps, valves, and drilling tools.

"We chose to partner with Mr. Smith and DCI because we see tremendous opportunities ahead," said Jeffery Christman, Managing Director of Rock Hill. "Two decades of positive results and a solid customer base help position DCI for strong growth. Moving forward, we plan to help Mr. Smith and his team streamline the operations, expand beyond current end markets into new ones and embrace new plating technologies, including the most recent addition tungsten carbide spray coating to its service offering. With limited competition in the arena, we see significant value enhancement opportunities ahead."

"What struck me most about Rock Hill as an investment partner was their interest in partnering with us rather than taking over," said Cliff Smith, Sr., Chairman of DCI. "They worked with us to develop a solid plan to streamline and consolidate our operations in order to better prepare us for significant growth and expansion. I'm confident that the future of DCI is on solid ground."

From: http://www.4-traders.com/news/Rock-Hill-Capital-Group-Invests-in-Duracoatings--17620948/