The deal has a consideration of $150 million of cash and 2 million shares of FET’s common stock Founded in 1969, Variperm today has about 290 employees across eight locations in North America Variperm ...

The cash consideration for the transaction was funded from cash on hand, borrowings under our ABL credit facility, and a $60 million seller term loan. The seller term loan will mature in December 2026 ...

Forum Energy Technologies Inc. (FET) has completed the acquisition of Variperm Energy Services Inc. (Variperm). FET said in a media release that its acquisition of one of the major manufacturers of ...

Forum Energy Tech ( (FET)) has issued an update. Forum Energy Technologies successfully closed a $100 million senior secured bond offering at 10.5% interest, maturing in 2029. The proceeds will repay ...

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced it has completed the acquisition of Variperm Energy Services (“Variperm”), a leading manufacturer of customized ...

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that it has entered into a definitive agreement to acquire Variperm Energy Services (“Variperm”) for ...