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Varel International

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.

Formerly Known As
Varel Manufacturing
Ownership Status
Acquired/Merged
(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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Varel 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
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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
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Varel International Former Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Varel 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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