Boart Longyear Longyear, which eventually became Boart Longyear. He drilled his first diamond drill core hole in 1890 in northern Minnesota. Longyear's company developed the wire-line retrieved Q core barrel. Longyear was inducted into the National Mining Hall of Fame in Leadville, Colo in 1990. On March 1, 2016, Mr. Jeffrey Olsen was appointed President and Chief Executive Officer of Boart Longyear. He joined the company as the Chief Financial Officer in March 2014. Boart Longyear conducts contract drilling services in more than 40 countries, and provides mining products to customers in over 100 countries. Boart Longyear Boart Longyear is a global
Boart Longyear In 2005, Boart Longyear was acquired by the private equity firms Advent International, Bain Capital, and several management investors. The headquarters were then moved to Salt Lake City. Since the sale by Anglo American, management has undertaken a number of ownership changes, restructuring initiatives, and acquisitions, establishing Boart Longyear as a global leader in mining exploration services and products. By October 2006, Advent sold Boart Longyear to the Australian investment firm, Macquarie Bank, and, in April 2007, Macquarie took Boart Longyear public in an A$2.3 billion IPO on the ASX stock exchange. Boart Longyear’s IPO was the second largest IPO