Varel Rock Bits Canada Overview

  • Founded
  • 1980

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • Buyout/​LBO

  • Financing Rounds
  • 1

Varel Rock Bits Canada General Information


Wholesaler and retailer of drill bits for the oil and gas mining industry. The company offers tungsten carbide insert bits and tooth bits, roller cone bits, steel tooth bits, polycrystalline diamond compact bits and work-over bits for vertical and directional drilling applications in various formations.

Contact Information

Formerly Known As
Pendemak Industries
Ownership Status
Financing Status
Private Equity-Backed
Primary Industry
Industrial Supplies and Parts
Other Industries
Other Equipment
Oil and Gas Equipment
Primary Office
  • 9926–29 Avenue
  • Edmonton, Alberta T6N 1A2
  • Canada

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Varel Rock Bits Canada Valuation & Funding

Deal Type Date Amount Valuation/
Post-Val Status Debt

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Varel Rock Bits Canada Executive Team (1)

Name Title Board Seat Contact Info
Rod MacKenzie Vice President, Sales & Marketing
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