From Illinois Business Journal news services
Mark, Bruce, and Jeffrey Murphy, the owners of Drilling Service Co. of St. Louis, have purchased an equity interest in Taylor Ridge Drilled Foundations, Inc. of Taylor Ridge, Ill.
Drilling Service Co., in business for 60 years, is a specialty contractor with a range of underground construction services including drilled shaft foundations, earth retention systems, dewatering systems, rock anchors and tiebacks, micropiles, limited access drilling and pressure grouting.
In business since 2004, Taylor Ridge Drilled Foundations specializes in drilled shaft foundations for communications towers, transmission lines, utility work and bridges. The company currently operates in nine states throughout the Midwest, with recent projects taking the company as far as Mississippi and Maryland.
The acquisition expands the market reach of both companies. The companies will operate autonomously as well as working together. Chris Wynn remains as president of Taylor Ridge. Jeffrey Murphy is vice president of Taylor Ridge, in addition to his role as vice president of Drilling Service Co.
“This is an important step for Drilling Service Co. as we continue to execute our strategic plan to diversify, strengthen and grow our business. Together we are better able to serve our customers while broadening our combined geographic reach and customer service base,” said Murphy. “We’re excited to be working with Chris Wynn and the entire staff at Taylor Ridge Drilled Foundations, Inc. We’re all looking forward to growing both companies as we continue to cultivate our relationship.”
“We are delighted with this strategic acquisition combining the strengths of two long-established drilling contractors with strong reputations and dependable track records,” said Mark Murphy, president of Drilling Service.
Drilling Service Company’s Headquarters is located at 13230 Ferguson Lane, Bridgeton, MO 63044.