# Borr Drilling acquires five jack-up rigs for $287M through joint venture

Borr Drilling agreed to acquire five premium jack-up rigs from Fontis Finance for $287 million via a new 50/50 joint venture, BC Ventures Limited, with a long-term Mexican partner. Closing is expected in Q3 2026.

- Type: Acquisition
- Announced: 2026-03-23
- Where: Mexico, Mexico
- Value: $287.0M
- Status: announced
- Products: jack-up rigs
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Borr Drilling](https://endata.com/companies/90987.md) (acquirer)
- [Fontis Finance](https://endata.com/companies/90988.md) (partner)
- [BC Ventures Limited](https://endata.com/companies/90989.md) (partner)

## Sources

- [stocktitan.net](https://www.stocktitan.net/news/BORR/borr-drilling-limited-acquisition-of-five-premium-jack-up-rigs-iqahqcqcgzyf.html), 2026-03-23: "Borr Drilling agreed to acquire five premium jack-up rigs from Fontis Finance for a total purchase price of $287 million."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.