M&A Deal Summary

Forum Energy Technologies Acquires Quality Wireline & Cable

On May 1, 2014, Forum Energy Technologies acquired electrical equipment company Quality Wireline & Cable

Acquisition Highlights
  • This is Forum Energy Technologies’ 1st transaction in the Electrical Equipment sector.
  • This is Forum Energy Technologies’ 2nd transaction in Canada.
  • This is Forum Energy Technologies’ 1st transaction in Alberta.

M&A Deal Summary
Date 2014-05-01
Target Quality Wireline & Cable
Sector Electrical Equipment
Buyer(s) Forum Energy Technologies
Deal Type Add-on Acquisition
Advisor(s) Simmons & Company (Financial)

Target

Quality Wireline & Cable

Calgary, Alberta, Canada
Quality is a manufacturer of a full range of cased-hole electro-mechanical (''EM'') wireline cables for the oil and gas industry.

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Buyer(S) 1

Buyer

Forum Energy Technologies

Houston, Texas, United States
Category Company
Founded 2005
Sector Energy Services and Equipment
Employees1,600
Revenue 739M USD (2023)
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 14 of 22
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 13 of 19
State (Alberta) 1 of 2
Country (Canada) 2 of 3
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-15 Moffat 2000

Ashington, United Kingdom

Moffat 2000 Ltd. is a manufacturer of subsea pipeline inspection gauge launching and receiving systems, and subsea connectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 J-Mac Tool

Fort Worth, Texas, United States

J-Mac Tool, Inc. is a manufacturer of quality hydraulic fracturing pumps, power ends, fluid ends, and other pump accessories. J-Mac also provides repair and refurbishment services for power ends and fluid ends.

Buy -
Mergr

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