About Rival Downhole Tools
Rival Downhole Tools is a company based in Houston (United States) founded in 2002, and was acquired by Superior Energy in February 2025. Manufacturer and supplier of drilling and tubing motors and tools. Rival Downhole Tools has raised $15 million across 1 funding round from investors including Superior Energy and EV Private Equity. Rival Downhole Tools offers products and services including Performance Drilling Motors and JOLT Toolâ„¢.
Company details
Rival Downhole Tools was established in 2002 in Houston, United States, focusing on the upstream oil and gas sector. Manufacturing and supplying of drilling motors, tubing motors, and related tools are handled, with specific products encompassing performance drilling motors and friction reduction tools. Third-party engineering services are offered to support operations in the industry.
- Headquarters Houston, United States
- Stage Acquired
- Email••••••••
- Phone•••• ••••
- Website rivaldt.com
- Social LinkedIn X Facebook Instagram
- Acquired by Superior Energy (Feb 2025)
- Legal Name Rival Downhole Tools
- Total Equity Funding$15M (USD)
in 1 rounds
- Latest Funding Round$15M (USD), Private Equity Round
Oct 2017
- InvestorsSuperior Energy
& 1 more
- Acquired bySuperior Energy
(Feb 2025)
Products & Services of Rival Downhole Tools
Rival Downhole Tools offers a comprehensive portfolio of products and services, including Performance Drilling Motors and JOLT Tool™.
These motors are designed to exceed downhole performance and reliability requirements using patented mud lubricated bearing technology.
It is utilized as a friction reduction system with optional downhole flow activation to create axial movement and improve weight transfer in drilling operations.
Funding Insights of Rival Downhole Tools
Rival Downhole Tools has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Private Equity Round of $15 million completed in October 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15M
- Total Rounds 1
- Last Round Private Equity Round — $15M
- First Round $15M
(Oct 2017)
- Investors Count 1
All 1 funding rounds of Rival Downhole Tools with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2017 | $15M | Private Equity Round | – | – |
2 investors in total: 2 institutional.
Investors in Rival Downhole Tools
Rival Downhole Tools has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Superior Energy and EV Private Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment in sustainable energy technology companies is facilitated. | evprivateequity.no | Stavanger, Norway | ||
Oilfield rental equipment and well services are provided globally. | 1989 | superiorenergy.com | Houston, United States |
Investor details for Rival Downhole Tools
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Rival Downhole Tools
12 people are tracked at Rival Downhole Tools (4 in leadership, 8 in team).
| Name | Role | Group |
|---|---|---|
Noah Daoust | COO | Leadership |
Susan Born | Director of Administration | Leadership |
Keith Edwards | Director Of Manufacturing | Leadership |
Jimmy Stacey | Vice President Of Optimization | Leadership |
Daryl Chicken | Account Manager | Team |
Michael Sorrentino | Account Manager | Team |
Sean Larkin | Account Manager | Team |
Jaime Campos | Latin America Region Manager | Team |
Nathan Schuler | Quality Assurance Manager | Team |
Jake Hodges | West Texas Operations Manager | Team |
Jody Raczynski | Country Manager - Canada | Team |
Patrick Hughes | Business Process and Supply Chain Manager | Team |
Complete people profiles for Rival Downhole Tools
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Rival Downhole Tools
3 dated milestones of Rival Downhole Tools across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Rival Downhole Tools is founded.
- Funding First funding round of $15.0M.
- Exit Acquired by Superior Energy.
Web traffic of Rival Downhole Tools
The website of Rival Downhole Tools (rivaldt.com) receives about 1.5K visits a month.
- Monthly visits1.5K
▲ 6.1% vs previous month
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Frequently Asked Questions about Rival Downhole Tools
Rival Downhole Tools was founded in 2002 and raised its 1st funding round 15 years after it was founded.
Rival Downhole Tools is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Rival Downhole Tools is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Private Equity Round of $15M, raised on Oct 2017.
Rival Downhole Tools was established in 2002 in Houston, United States, focusing on the upstream oil and gas sector. Manufacturing and supplying of drilling motors, tubing motors, and related tools are handled, with specific products encompassing performance drilling motors and friction reduction tools. Third-party engineering services are offered to support operations in the industry.
Rival Downhole Tools offers Performance Drilling Motors and JOLT Toolâ„¢.
Rival Downhole Tools has 2 investors. Key investors include Superior Energy, and EV Private Equity.
Rival Downhole Tools operates through Rival Downhole Tools.
Yes. Rival Downhole Tools was acquired by Superior Energy in February 2025.