Varel Energy Solutions Overview
- Year Founded
-
1947
- Status
-
Private
- Employees
-
1,000
- Latest Deal Type
-
Debt
- Financing Rounds
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11
- Investments
-
4
Varel Energy Solutions General Information
Description
Designer, and manufacturer of drill bits used in the oil and gas drilling industry. The company's products include roller cone bits, sealed bearing bits, open bearing bits, PDC bits, bi-center bits, natural diamond and TSP bits and core bits, enabling clients in the blast hole mining, industrial, construction and water well-drilling markets to ensure standard drilling projects done with ease.
Contact Information
Website
www.varel.comCorporate Office
- 22001 Northpark Drive
- Suite 100
- Houston, TX 77030
- United States
Corporate Office
- 22001 Northpark Drive
- Suite 100
- Houston, TX 77030
- United States
Varel Energy Solutions Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Varel Energy Solutions Patents
Varel Energy Solutions Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20120160561-A1 | Semi-sealed blast hole bit and method for drilling | Active | 22-Dec-2010 | ||
| US-20110209922-A1 | Casing end tool | Inactive | 05-Jun-2009 | ||
| GB-201103488-D0 | Multi-set pdc drill bit and method | Active | 19-Dec-2008 | ||
| US-20100155151-A1 | Multi-set pdc drill bit and method | Active | 19-Dec-2008 | ||
| GB-2475202-A | Multi-set pdc drill bit and method | Active | 19-Dec-2008 | E21B10/43 |
Varel Energy Solutions Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Varel Energy Solutions Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Varel Energy Solutions Investments (4)
Varel Energy Solutions’s most recent deal was a Buyout/LBO with Ace Well Technology. The deal was made on 03-Jan-2025.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Ace Well Technology | 03-Jan-2025 | Buyout/LBO | Oil and Gas Equipment | ||
| SledgeHammer Oil Tools | 30-Jun-2022 | Buyout/LBO | Oil and Gas Equipment | ||
| Downhole Products | 21-Apr-2008 | Buyout/LBO | Distributors/Wholesale | ||
| Varel Rock Bits Canada | 19-Mar-2007 | Buyout/LBO | Distributors/Wholesale |
Varel Energy Solutions Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Ace Well Technology | Randaberg, Norway | 2012 | |
| Downhole Products | Aberdeen, United Kingdom | 1994 | |
| Varel Rock Bits Canada | Edmonton, Canada | 1980 |
Varel Energy Solutions FAQs
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When was Varel Energy Solutions founded?
Varel Energy Solutions was founded in 1947.
-
Where is Varel Energy Solutions headquartered?
Varel Energy Solutions is headquartered in Houston, TX.
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What is the size of Varel Energy Solutions?
Varel Energy Solutions has 1,000 total employees.
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What industry is Varel Energy Solutions in?
Varel Energy Solutions’s primary industry is Other Commercial Products.
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Is Varel Energy Solutions a private or public company?
Varel Energy Solutions is a Private company.
-
What is Varel Energy Solutions’s current revenue?
The current revenue for Varel Energy Solutions is .
-
How much funding has Varel Energy Solutions raised over time?
Varel Energy Solutions has raised $12M.
-
Who are Varel Energy Solutions’s investors?
Bluewater (London), Sandvik, and Apollo Asset Management have invested in Varel Energy Solutions.
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