M&A Deal Summary

Forum Energy Technologies Acquires Variperm Energy Services

On November 2, 2023, Forum Energy Technologies acquired energy services and equipment company Variperm Energy Services from SCF Partners for 150M USD

Acquisition Highlights
  • This is Forum Energy Technologies’ 12th transaction in the Energy Services and Equipment sector.
  • This is Forum Energy Technologies’ largest (disclosed) transaction.
  • This is Forum Energy Technologies’ 3rd transaction in Canada.
  • This is Forum Energy Technologies’ 2nd transaction in Alberta.

M&A Deal Summary

Date 2023-11-02
Target Variperm Energy Services
Sector Energy Services and Equipment
Buyer(s) Forum Energy Technologies
Sellers(s) SCF Partners
Deal Type Add-on Acquisition
Deal Value 150M USD

Target

Variperm Energy Services

Calgary, Alberta, Canada
website
Variperm Energy Services is a sand control products and services company specializing in custom filtration screens, flow control technology, gravel pack services, supply of quality cased hole fishing tools and services, well abandonment solutions, and a full suite of completion and work-over tools. Variperm Energy Services was founded in 1969 and is based in Calgary, Alberta.

Search 193,381 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Forum Energy Technologies

Houston, Texas, United States

website


Category Company
Founded 2005
Sector Energy Services and Equipment
Employees1,500
Revenue 700M USD (2022)
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 STATS #
Overall 22 of 22
Sector (Energy Services and Equipment) 12 of 12
Type (Add-on Acquisition) 19 of 19
State (Alberta) 2 of 2
Country (Canada) 3 of 3
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 Quadrant Valve & Actuator

Broussard, Louisiana, United States

Quadrant, located in Broussard, Louisiana, is a provider of patented, quarter-turn specialty ball and butterfly valves, serving the chemical, petrochemical, and upstream energy markets.

Sell -

Seller(S) 1

SELLER

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 23 of 23
Sector (Energy Services and Equipment) 10 of 10
Type (Add-on Acquisition) 8 of 8
State (Alberta) 4 of 4
Country (Canada) 5 of 5
Year (2023) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-20 Tekmar Group

Darlington, United Kingdom

Tekmar Group provides a range of engineering services and technologies to support and protect offshore wind farms, other offshore energy assets and marine infrastructure. Tekmar optimizes and de-risks projects, solves customer’s engineering challenges, improves safety and lowers project costs. The company's capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology. It has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships, and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific, and North America. Tekmar Group was founded in 1985 and is based in Darlington, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-08 Camin Cargo

Pasadena, Texas, United States

Camin Cargo is a third-party service provider of mission-critical inspection, testing, and fuel treatment services to the petroleum products industry. Camin Cargo’s 59 branches, located in 15 countries, are strategically located to serve multiple key ports, refineries, and other petroleum product transfer points throughout the United States, Canada, Latin America, and Western Europe. Camin Cargo was founded in 1982 and is based in Pasadena, Texas.

Buy -