Varel Energy Solutions Overview

  • Year Founded
  • 1947

Year Founded

  • Status
  • Private

  • Employees
  • 1,000

Employees

  • Latest Deal Type
  • Debt

  • Financing Rounds
  • 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.com
Formerly Known As
Varel Manufacturing
Ownership Status
Privately Held (backing)
Financing Status
Private Equity-Backed
Corporate Office
  • 22001 Northpark Drive
  • Suite 100
  • Houston, TX 77030
  • United States
+1 (972)
Primary Industry
Other Commercial Products
Corporate Office
  • 22001 Northpark Drive
  • Suite 100
  • Houston, TX 77030
  • United States
+1 (972)

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Varel Energy Solutions Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

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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
To view Varel Energy Solutions’s complete patent history, request access »

Varel Energy Solutions Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Varel Energy Solutions Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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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
To view Varel Energy Solutions’s complete investments history, request access »

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

  • 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.

  • What is the size of Varel Energy Solutions?

    Varel Energy Solutions has 1,000 total employees.

  • What industry is Varel Energy Solutions in?

    Varel Energy Solutions’s primary industry is Other Commercial Products.

  • 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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