What SIMCO Drilling Equipment does

SIMCO Drilling Equipment, Inc. is a privately held, independently owned American manufacturer of all-hydraulic, long-stroke, tophead drive drilling rigs, founded in 1971 and headquartered in Osceola, Iowa. The company designs, engineers, and builds its complete product line at its Iowa manufacturing facility, including the flagship SIMCO 7000 (up to 1,100 ft drilling depth, auto-indexing drill rod carousel), the reintroduced SIMCO 5000 (Ford F-600 chassis with electronic monitoring), the versatile SIMCO 2800 HS/HT, the compact SIMCO 2400 SK-1 crawler rig, the SIMCO 255 PTC pavement core drill, and the Earth Probe 200, plus proprietary accessories such as PDQ drill pipe, jack pads, stainless steel mud pans, and trailer platforms. The company's underlying technology centers on proprietary hydraulic systems refined over 50+ years, including an auto-indexing rod carousel, hydraulic off-hole locking system, infinitely adjustable rotation, floating head feature, and in/out slide base positioning.

SIMCO earns revenue through new rig hardware sales, used and refurbished equipment (including trade-ins), a fully stocked parts department with next-day delivery, and factory service and repair. The company operates a direct enterprise field sales model using a dedicated sales team that handles inquiries by phone (800-338-9925), website contact forms, and on-site rig-up deliveries and demonstrations. Pricing is custom quote-based, with no public price list, and contracts may span multiple years. SIMCO serves water well drilling contractors, geothermal drilling companies, geotechnical and environmental drilling firms, mineral exploration operators, and construction/infrastructure contractors across every continent, with documented active deployments in the United States, Canada, Colombia, Mali, Haiti, the Dominican Republic, Australia, and Europe. Customers include individual owner-operators, multi-rig contractors (such as Forster Well Drilling and Bundick Well & Pump), and humanitarian organizations (Lifetime Wells International, which has drilled 2,500 water wells using SIMCO 2800 rigs in Africa).

Name

SIMCO Drilling Equipment

Legal name

SIMCO Drilling Equipment, Inc.

Website

https://simcodrill.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

11–50 employees

Short description

SIMCO Drilling Equipment, Inc., founded in 1971 in Osceola, Iowa, designs, manufactures, and services all-hydraulic tophead drive drilling rigs and accessories for water well, geothermal, geotechnical, environmental, mineral exploration, and construction drilling contractors worldwide.

Ownership category

akta.pro rank

Headquarters

HQ city

Osceola

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales

Revenue model

1. New Drill Rig Sales: Manufacturing and selling new all-hydraulic drilling rigs including models 7000, 5000, 2800, 2400, and 255 PTC with various configurations (truck-mounted, trailer-mounted, track-mounted, skid-mounted)
2. Used Drilling Equipment Sales: Deals in both new and used drilling equipment, accepting trade-ins toward new SIMCO drills. Sells used water well drills, geothermal drills, geotechnical drills, environmental drills, and probe drills
3. Parts Department: Fully stocked parts department with next-day parts delivery to minimize customer downtime. Parts include mud pumps, drill pipe, drillheads, and accessories
4. Service and Repair: Service and repair of used drilling equipment. Factory-refurbished rigs with necessary repairs and testing. Refurbishment services including minor repairs and feature upgrades

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

SIMCO Drilling Equipment designs and manufactures all-hydraulic, long stroke, tophead drive drilling rigs at its Osceola, Iowa facility. The company sells new and refurbished rigs (models 7000, 5000, 2800, 2400, 255 PTC, Earth Probe 200) for water well, geothermal, geotechnical, environmental, pavement coring, and probe drilling applications, along with related accessories (PDQ drill pipe, jack pads, mud pans, trailers) and a parts and service department with next-day parts delivery.

Product overview

SIMCO Drilling Equipment, Inc. is a manufacturer of all-hydraulic, long stroke, tophead drive drilling rigs founded in 1971, offering a portfolio of specialized drill rigs for water well and geothermal drilling (7000, 5000, 2800, 2400 SK-1), geotechnical and environmental drilling (2800 HS, 2400 SK-1), pavement core drilling (255 PTC), and probe drilling (Earth Probe 200). The product line includes complementary accessories such as PDQ drill pipe, drill rig jack pads, stainless steel mud pans, and drill trailers, supported by a full-service parts and service department. The company also offers used and refurbished equipment alongside new rig sales.

Differentiator

Problem solved

Functional benefit

Brands

• SIMCO PDQ Drill Pipe: US-made drill pipe that improves drilling efficiency by moving cuttings out of the hole efficiently.
• SIMCO Drill Gear

Products and services

• SIMCO 7000 Water Well & Geothermal Drill Rig Flagship water well and geothermal drill rig with auto-indexing drill rod carousel (10 or 16 rod), up to 1,100 foot drilling depth, 2,900 ft lbs drillhead torque, and 24 foot net stroke mast, sold to drilling contractors worldwide.
• SIMCO 5000 Water Well & Geothermal Drill Rig Lightweight water well and geothermal drill rig on Ford F-600 truck chassis with drill rod carousel holding 200 feet of 3 inch drill pipe, electronic monitoring screen, and torque matching the SIMCO 7000.
• SIMCO 2800 HS/HT Water Well & Geothermal Drill Rig Versatile compact all-hydraulic top head drive drill rig for water well and geothermal drilling, with 4,000 ft lbs 2-speed drillhead torque, up to 400 ft drilling depth, and 9 inch borehole capability, available in deck engine or PTO drive configurations.
• SIMCO 2800 HS Geotechnical & Environmental Drilling Rig All-hydraulic top head drive drill rig configured for environmental and geotechnical drilling with multiple mud/water pump options, 6,800 ft lbs max drillhead torque, and capability for wet rotary, air rotary, conventional flight auger, hollow stem auger, and core drilling.
• SIMCO 2400 SK-1 Geothermal & Water Well Drill Rig Compact geothermal and water well drilling rig on rubber tracks with remote control, 10 foot stroke mast, 2-speed drillhead (2,000 ft lbs/90 rpm or 1,000 ft lbs/180 rpm), 7,600 lbs pulldown/pullback, and 56 HP diesel deck engine.
• SIMCO 2400 SK-1 Geotechnical & Environmental Drill Rig Compact all-hydraulic top head drive drill rig on tracks for geotechnical and environmental drilling with conventional flight auger, hollow stem auger, and core drilling capabilities, plus optional high speed coring head.
• SIMCO 255 PTC Pavement Core Drill Rig Compact pavement core drilling rig for keyhole coring jobs, capable of 2-18 inch diameter cores through all pavement types, with 200-500 ft lbs drillhead torque and 42 inch stroke mast, mountable to most carriers.
• SIMCO Earth Probe 200 Drill Rig Probe drill rig mounted on Ford F350 Super Duty truck with 72 inch stroke mast, probe hammer attachment, in/out slide base, 950 ft lbs auger drilling drillhead at 125 rpm, and 18 HP gas engine.
• Parts & Service Support Comprehensive parts department with next-day parts delivery, factory training, and technical support to minimize downtime and keep SIMCO drilling rigs operating.
• Used / Refurbished Drilling Equipment Pre-owned SIMCO drilling rigs available for sale with factory-reconditioned trade-ins, including parts and service support for repair and restoration of used equipment.
• SIMCO PDQ Drill Pipe US-made quick-disconnect drill pipe designed for efficient rotary drilling by improving cuttings removal from the hole, used across water well, geothermal, and geotechnical applications.
• SIMCO Drill Rig Jack Pads Drill rig stability accessories in 18x18x1 inch size weighing 11 lbs, designed for reliability, safety, and performance during drilling operations.
• SIMCO Stainless Steel Mud Pan Custom-engineered stainless steel mud pan for reliable and easy drilling mud management during drilling operations.
• SIMCO Drill Trailers Trailer drilling rig platforms including the compact 3700 trailer and other configurations for mounting SIMCO drilling rigs, designed for safe transportation and versatility.

Quantifiable outcome

• Rigs last 40+ years with proper maintenance
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Fraste: Italian manufacturer Fraste produces hydraulic drilling rigs for water well, geotechnical, and mining applications, competing with SIMCO in the global water well and environmental drilling segments with comparable rig specifications.
• Geoprobe Systems: Geoprobe Systems manufactures direct-push drilling rigs and tooling for geotechnical, environmental, and water well applications — directly overlapping SIMCO's 2800 HS and 2400 SK-1 product lines targeting the same contractor customer base.
• Schramm, Inc. Schramm manufactures tophead drive drilling rigs for water well, geothermal, and exploration applications, offering direct competition to SIMCO's flagship 7000 and 5000 models in similar enterprise drilling markets.
• CME (Central Mine Equipment Company): CME builds compact all-hydraulic drilling rigs for geotechnical, environmental, and water well applications, competing head-to-head with SIMCO's 2400 and 2800 models in the same contractor channel.
• Diedrich Drill: Diedrich Drill designs and manufactures rotary and auger drilling rigs for environmental, geotechnical, and water well applications, directly overlapping SIMCO's compact hydraulic top-head-drive rig portfolio.

Broad incumbents

• Atlas Copco: Atlas Copco's Power Technique division produces a broad range of drilling equipment for construction, mining, and water well applications; it competes with SIMCO across multiple product categories as a much larger, R&D-intensive incumbent.
• Terex Corporation: Terex's environmental solutions and utilities segments produce drilling rigs and related equipment for geotechnical, environmental, and foundation applications, providing scaled competition to SIMCO in adjacent drilling equipment categories.
• Boart Longyear: Boart Longyear manufactures drilling rigs and provides drilling services for mineral exploration, geotechnical, and water well applications, overlapping with SIMCO's mineral exploration and geotechnical product lines at significantly larger scale.
• Vermeer Corporation: Vermeer manufactures horizontal directional drills, trenchers, and drilling-related equipment for utility, construction, and water well applications through an established dealer network that contrasts with SIMCO's direct-sales model.
• Epiroc: Epiroc is a global mining and infrastructure equipment OEM that produces drilling rigs for mining, geotechnical, and water well applications; while it operates at much larger scale, it competes with SIMCO at the high end of the water well and exploration drilling markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/SIMCODRILL
• Facebookfacebook.com/pages/SIMCO-Drilling-Equipment/141095149279717

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SIMCO Drilling Equipment