Varel International
1947
FOUNDED
M&A
STATUS
1K-5K
EMPLOYEES
Buyout/LBO
LATEST DEAL TYPE
(Announced)
8
FINANCING ROUNDS
2
INVESTMENTS
Description
Designer, manufacturer and supplier of drill bits used in the oil and gas drilling markets. The company's products include roller cone bits, sealed bearing bits, open bearing bits, PDC bits, bicenter bits, natural diamond and TSP bits, and core bits. It serves blast hole mining, industrial, construction, and water well drilling markets.
Website
Formerly Known As
Varel Manufacturing
Ownership Status
Acquired/Merged
(Operating Subsidiary)
(Operating Subsidiary)
Financing Status
Formerly PE-Backed
Primary Industry
Industrial Supplies and Parts
Parent Company
Primary Office
- 1434 Patton Place
- Suite 106
- Carrollton, TX 75007
- United States
+1 (972) 000-0000
Varel International Valuation and Funding
| Deal Type | Date | Amount | Post-Val | Valuation/ EBITDA |
Debt | Status |
|---|
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Request full access to PitchBookVarel International Investments (2)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 00000000 00000000 | 21-Apr-2008 | 0000000000 | Distributors/Wholesale | 000 00000 | |
| Varel Rock Bits Canada | 19-Mar-2007 | Buyout/LBO | Industrial Supplies and Parts | 000 00000 |
Varel International Subsidiaries (2)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Downhole Products | Distributors/Wholesale | Aberdeen, United Kingdom | 1994 |
| 00000 0000 0000 00 | Industrial Supplies and Parts | Edmonton, Canada | 0000 |
Varel International Former Investors
| Investor Name | Investor Type | Holding | Participating Rounds | Investor Since | Board Seat | Contact Info |
|---|
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Request full access to PitchBookVarel International Executive Team (11)
| Name | Title | Board Seat |
Contact Info |
|---|---|---|---|
| Guillermo Aponte | President | ||
| Timothy Benjamin | Chief Financial Officer & Vice President of Finance |
9 Former Executives
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