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  6. Kaneb Exits Furmanite

Investment Summary

Kaneb Exits Furmanite

On July 1, 2005, invested in energy services and equipment company Furmanite from Kaneb

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • Furmanite was sold to a strategic buyer in 2016.

Investment Summary
Date 2005-07-01
Target Furmanite
Sector Energy Services and Equipment
Sellers(s) Kaneb
Deal Type IPO

Target

Furmanite

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

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Seller(S) 1

SELLER

Kaneb

United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Kaneb, Inc. is a provider of oil and gas pipeline business services.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: IPO M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-01-24 Furmanite

Richardson, Texas, United States

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

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