Sidewinder Drilling Seals Commitment from Avista Capital

Houston-based Sidewinder Drilling Inc. has sealed a commitment for up to $125 million in funding from buyout shop Avista Capital Partners. The money will be used to build a fleet of newly constructed, fast-moving, highly efficient land drilling rigs, the company said Monday. Avista manages $4 billion in committed capital, and has offices in New York, Houston and London.

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