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Varel Rock Bits Canada

1980 FOUNDED
M&A STATUS
Buyout/LBO LATEST DEAL TYPE
1 FINANCING ROUNDS
Description

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.

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

Varel Rock Bits Canada Valuation and Funding

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

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Varel Rock Bits Canada Executive Team (1)

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