Furmanite - Ownership and Business Overview

Energy Services And EquipmentCompany

Furmanite Ownership

Who owns Furmanite?

Furmanite is owned by Team. It was acquired on March 1, 2016.

Was Furmanite formerly PE-backed?

Yes. Furmanite was formerly owned by 1 private investor.

Furmanite Business Overview

Where is Furmanite headquartered?

Furmanite is headquartered in Richardson, Texas.

What is Furmanite’s revenue?

Furmanite disclosed revenue of 529M USD for 2014 and 427M USD for 2013.

How many employees does Furmanite have?

Furmanite has 3,017 employees.

What sector is Furmanite in?

Furmanite is an energy services and equipment company.

When was Furmanite founded?

Furmanite was founded in 1920.

Energy Services And Equipment M&A Summary in 2016

Out of 60 sectors in the Mergr database, energy services and equipment ranked 17 in number of deals in 2016. The largest energy services and equipment acquisition in 2016 was Canadian Oil Sands - which was acquired by Suncor Energy for $6.6B.

Join Mergr to view all 172 acquisitions of energy services and equipment companies in 2016, including 35 acquisitions by private equity firms, and 137 by strategics.

Furmanite Corp.

2435 North Central Expressway,
Richardson, Texas 75080
United States,
(972) 699-4000
www.furmanite.com

Furmanite Corp. is a provider of an on-site and on-line plant and pipeline maintenance services in energy industry.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.0/yr) # 1 - - - - - 1
  1

Most Recent M&A

Company Date Value Type
Frontier Integrity Solutions 2016-12-22 - Divestiture
Tulsa, Oklahoma · www.frontierintegrity.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment - - 1 (100%) -
Total - - 1 -

By Geo

State/Country Buy Value Sell Value
United States - - 1 -
  Oklahoma - - 1 -
Total - - 1 -

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
 1
Legal Deals
Locke Lord
 1

M&A Connections

Deals
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

529   24% 2014
427   31% 2013
326   2012
(millions of USD)

Employees

3,017

Established

1920

Former Name

Xanser Corp.

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Texas Companies , Energy Services and Equipment Companies , United States Companies , Texas Energy Services and Equipment Companies , Texas Energy Services and Equipment with Acquisitions , Texas Energy Services and Equipment with Divestitures

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