Bit Brokers International Acquires Colton Bit Service

Published On: April 18, 2024By Categories: Newsline

Tim Thomas, owner of Bit Brokers International Ltd., and Terry Colton, owner of Colton Bit Service, recently finalized an agreement for the acquisition of Colton Bit Service.

Terry Colton and Cliff Thomas

The agreement allows BBI to establish a distribution point for the horizontal directional drilling (HDD) market, enhancing its ability to supply pilot bits, and reamers as well as Baroid Industrial Drilling Products to its existing customer base. Additionally, it enables BBI to extend its reach into the water well market, serving customers across the New England region of the United States, spanning from West Virginia.

Initial plans involve stocking PDC bits, tricones bits, reamers, hammers, and hammer bits as well as Baroid Industrial Drilling Products tailored to meet the needs of customers in the region. This strategic move aims to streamline shipping and delivery processes, thereby optimizing convenience for customers operating within the regional drilling conditions.

The location of the BBI warehouse in West Virginia significantly expands the selection and availability of products for the water well market in the New England area. Leveraging one of the most extensive selections of U.S.-manufactured drill bits and tooling globally, BBI now  offers enhanced options to its customers in these regions.

Terry Colton and Tyler Mitchell

Colton, former owner of Colton Bit Service for four decades, expressed confidence in BBI’s capability to uphold first-class service and product standards for his clientele now that he’s retiring.

Tyler Mitchell has assumed responsibility for managing the new office in Clarksburg, West Virginia, effective March of this year.

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