CASCADE DRILLING L.P. Completes Acquistion of Vironex Environmental Field Services, INC.

WOODINVILLE, Washington (MMD Newswire) February 6, 2015 — Cascade Drilling, L.P. (Cascade) is pleased to announce the acquisition of Vironex Environmental Field Services, Inc. Vironex Environmental Field Services, Inc. will operate under the name Vironex Technical Services, LLC (Vironex) and will retain their current corporate identity and operate as a subsidiary of Cascade.

Vironex sets the standard for the combination of high resolution site characterization with robust in-situ remediation using their Search and Destroy(R) methodology. Search and Destroy(R) seamlessly combines high resolution contaminant profiling with its destruction using proven in-situ remediation technologies such as chemical oxidation, reduction and bioremediation.

Vironex has five regional operation centers across the country and supports remediation projects at Air Force and Navy Bases as well as large industrial and commercial projects across the United States. Vironex is nationally recognized for their support of military veterans who comprise over half of their staff.

The acquisition of Vironex increases Cascade’s ability to provide safe, technically advanced direct push, direct imaging, in-situ remediation and reporting services In the United States. The two organizations have shared values of safety, client service and technical excellence,” said Timothy Smith, CEO of Cascade. “Adding Vironex gives us the ability to better serve our clients on a national level.” “Vironex’s team and technical capabilities enhance Cascade’s position as the premier North American environmental and geotechnical drilling company,” said Christopher Staudt, a Director with Emigrant Capital Corporation, Cascade’s majority owner. “This acquisition reflects Cascade’s ongoing strategy to identify and partner with the industry’s leading companies”.

The Vironex acquisition brings Cascade’s total rig count to over 265 sonic, air rotary, mud rotary, auger, coring and probe rigs serving clients in all regions of North America. The combined company employs over 590 people in 35 offices nationwide. Terms of the agreement were not disclosed.

For further information or media kits, please contact John Murnane, Cascade’s Director of Marketing and Communication at 206-396-1558 or jmurnane@cascadedrilling.com.

About Cascade Drilling

Cascade Drilling, L.P. is the leading provider of environmental, geotechnical, and mining drilling services in the United States. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wireline coring, and direct push drilling. Cascade also specializes in high resolution site characterization methods and in-situ remediation of subsurface contaminants. Cascade supports geotechnical design and geo-construction projects such as instrumentation installation, tunnel alignment borings, construction dewatering, and dam evaluations. Cascade Drilling’s core beliefs are safety, customer service, and quality. Visit Cascade’s website www.cascadedrilling.com and click on the homepage link to Vironex Technical Services for additional information.

About Emigrant Capital Corp.

Emigrant Capital Corporation is a private equity firm that provides flexible capital solutions to finance acquisitions, fund growth, create liquidity and meet the other financial needs of middle-market businesses and their owners. For more information on Emigrant Capital Corporation, please visit www.emigrantcapital.com.

Contact

Cascade Drilling, L.P.
Timothy Smith
Chief Executive Officer
tsmith@cascadedrilling.com
425-485-8908 ext. 2831

Emigrant Capital Corp.
Christopher Staud
Director
staudtc@emigrant.com
917-262-5240

###