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Star Equity Holdings expands energy services with Utah machine shop acquisition to boost in-house repair and machining.

Company Fundamentals
26 Oct 2026, 15:30 WIB
GlobeNewsWire
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Bullish
Star Equity Holdings expands energy services with Utah machine shop acquisition to boost in-house repair and machining.

Star Equity Holdings, through its subsidiary Alliance Drilling Tools (ADT), acquired a machine shop in Vernal, Utah, to enhance its energy services division. This acquisition adds in-house machining, repair, and rebuild capabilities for drilling equipment, improving service speed and quality. The expanded facility supports customers in the Rocky Mountain region, including oil, gas, mining, and geothermal sectors, and positions ADT for growth in the Uinta Basin. The move aims to reduce downtime for clients and create long-term shareholder value.

Star Equity Holdings' expansion in energy services provides context for Pluang's energy sector data. For readers following energy stocks, here is Pluang's market snapshot as of Oct 26, 2026 19:02 WIB: out of 79 priced US energy stocks, 11 rose and 62 fell. Eni SpA traded at USD 60.07 with a 1-day change of -3.24%, Ecopetrol SA at USD 17.28 with -2.92%, and Venture Global Inc. Class A at USD 13.60 with -2.86%.

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