Add-on Acquisition • Energy Services and Equipment

Forum Energy Technologies Acquires Phoenix Global

On May 5, 2011, Forum Energy Technologies acquired energy services and equipment company Phoenix Global

Acquisition Context
  • This is Forum Energy Technologies’ 1st transaction in the Energy Services and Equipment sector.
  • This is Forum Energy Technologies’ 1st transaction in the United States.

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M&A Deal Summary

Date May 5, 2011
Target Phoenix Global
Sector Energy Services and Equipment
Buyer(s) Forum Energy Technologies
Deal Type Add-on Acquisition

Target Company

Phoenix Global

United States
Phoenix Global LLC is a provider of high pressure flow control equipment and products utilized in hydraulic fracturing and flow back of oil and gas wells.
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Buyer Overview 1

Buyer

Forum Energy Technologies

Houston, Texas, United States

Category Company
Founded 2005
Sector Energy Services and Equipment
Employees1,800
Revenue 816M USD (2024)
DESCRIPTION

Forum Energy Technologies is a provider of manufactured technologies and applied products to the energy industry, serving the subsea, drilling, completion, production, and flow control segments. Forum Energy Technologies was founded in 2005 and is based in Houston, Texas.


Deal Context for Buyer #
Overall 3 of 22
Sector: Energy Services and Equipment 1 of 12
Type: Add-on Acquisition 3 of 19
Country: United States 1 of 13
Year: 2011 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-02 Triton Group Holdings

Westhill, United Kingdom

Triton Group is an international company capable of designing, building and supporting a wide range of technologies and systems for subsea remote intervention operations and applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-17 Specialist ROV Tooling Services

Insch, United Kingdom

Specialist ROV Tooling Services Ltd. is a provider of intervention tooling and custom engineered product solutions for the subsea intervention market.

Buy -