Forum Energy Technologies - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Forum Energy Technologies M&A Summary

Forum Energy Technologies has acquired 22 companies, including 1 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Forum Energy Technologies’ largest acquisition to date was in 2023, when it acquired Variperm Canada for $150M. Forum Energy Technologies has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include energy services and equipment (55%) and machinery (19%).

Forum Energy Technologies Business Overview

Where is Forum Energy Technologies headquartered?

Forum Energy Technologies is headquartered in Houston, Texas.

What is Forum Energy Technologies’ revenue?

Forum Energy Technologies disclosed revenue of 700M USD for 2022 and 541M USD for 2021.

How many employees does Forum Energy Technologies have?

Forum Energy Technologies has 1,500 employees.

What sector is Forum Energy Technologies in?

Forum Energy Technologies is an energy services and equipment company.

When was Forum Energy Technologies founded?

Forum Energy Technologies was founded in 2005.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity22
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 7

Forum Energy Technologies

Forum Energy Technologies, Inc.

10344 Sam Houston Park Drive, Suite 300,
Houston, Texas 77064
United States,
(713) 351 7900
www.f-e-t.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 21 - - - 1 - 22
vol $150M $150M
Sell (0.4/yr) # - - 2 - - - 2
  24

Most Recent M&A

Company Date Value Type
Variperm Canada Ltd. 2023-11-02 150M USD Add-on Acquisition
Calgary, Alberta · www.variperm.com
Quadrant Valve & Actuator LLC 2021-01-04 - Divestiture
Broussard, Louisiana
ABZ Manufacturing, Inc. 2021-01-04 - Divestiture
Madison, Kansas
Global Heat Transfer Ltd. 2018-10-08 - Add-on Acquisition
Humble, Texas · www.globalheattransfer.com
Multilift Welltec LLC 2017-07-05 - Add-on Acquisition
Houston, Texas · www.multiliftwelltec.com
Innovate Valve Components 2017-01-09 - Add-on Acquisition
, United States
Cooper Valves LLC 2017-01-09 - Add-on Acquisition
Stafford, Texas · www.coopervalves.com
Team Oil Tools - Wholesale Completion Packer Business 2016-04-28 - Divestiture
, United States
Ashtead Technology Ltd. 2016-04-01 - Secondary Buyout
Westhill, United Kingdom · www.ashtead-technology.com
J-Mac Tool, Inc. 2015-02-03 - Add-on Acquisition
Fort Worth, Texas · www.jmactool.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 12 (55%) 150M (100%) - -
Manufacturing 3 (14%) - 2 (100%) -
Machinery 4 (18%) - - -
Electrical Equipment 1 (5%) - - -
Electronics 1 (5%) - - -
Information Technology 1 (5%) - - -
Total 22 $150M 2 -

By Geo

State/Country Buy Value Sell Value
United States 13 - 2 -
  Texas 9 - - -
  Virginia 1 - - -
  Louisiana - - 1 -
  Kansas - - 1 -
United Kingdom 6 - - -
Canada 3 150M - -
  Alberta 2 150M - -
  Ontario 1 - - -
Domestic 13 (59%) - 2 (100%) -
Cross-border 9 (41%) 150M (100%) - -
Total 22 $150M 2 -

Deal Values

buy # Total
$100M to $1B 1 $150M
TOTAL $150M
Largest Variperm Canada Ltd.
$150M (2023-11-02)

M&A Connections

Deals
Acquired from
Investor(s)
32%
7 (32%)
Strategic(s)
5%
1 (5%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

700   30% 2022
541   6% 2021
512   47% 2020
957   11% 2019
1,064   30% 2018
819   40% 2017
588   46% 2016
1,074   39% 2015
1,740   15% 2014
1,524   8% 2013
1,414   2012
(millions of USD) Show More Show Less

Employees

1,500

Established

2005

Public

NYSE: FET

Former Name

Forum Oilfield Technologies, Inc.

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