Thomas O. Hicks, Legendary Texas Businessman, Passes Away at 79
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
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Source: Newsfilter
- Industry Leader's Passing: Thomas O. Hicks, a renowned Texas businessman, passed away at 79, leaving a profound impact on the private equity sector, particularly through his pioneering 'buy and build' investment strategy.
- Business Development Contributions: Hicks acquired Gammaloy in 1997 and sold it to National Oilwell Varco in 2007, showcasing his success in the energy sector and driving growth and value creation in related businesses.
- Community Influence: His significant contributions to the city of Dallas include involvement in the development of the American Airlines Center and support for educational initiatives, reflecting his commitment to community development.
- Education and Military Service: Hicks served on the Board of Regents at the University of Texas and was a paratrooper in the Army Reserves, demonstrating his deep commitment to both education and his country.
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Analyst Views on DTI
About DTI
Drilling Tools International Corp. is a global oilfield services company that manufactures and provides a differentiated, rental-focused offering of tools for use in onshore and offshore horizontal and directional drilling operations. The Company's operating activities are divided into four divisions: Directional Tool Rentals, Premium Tools Division, Wellbore Optimization Tools, and Other Products & Services, including Downhole Inspection Solutions & Downhole Machining Solutions. Its primary products are bottom hole assembly components such as stabilizers, subs, non-magnetic and steel drill collars, hole openers, roller reamers, as well as drill pipe and drill pipe accessories. In addition, the Company provides technology in its wellbore optimization business supplying the patented Drill-N-Ream (trademark) wellbore conditioning tool, and the patented RotoSteer (trademark), rotational steering tool. The Company operates from over 16 service and support centers across North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Growth Support: Green's appointment marks a key step in DTI's 2026 board refreshment plan, aimed at aligning board skills with the company's long-term strategy to drive sustained growth.
- Long-term Value Creation: Green expressed eagerness to leverage his energy capital markets experience to support DTI's objectives of long-term value creation through operational excellence and strategic acquisitions, further solidifying the company's reputation in the oilfield services industry.
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