About Calfrac
Calfrac is a company based in Calgary (Canada) founded in 1999.. The company has 2,200 employees as of December 31, 2024. Calfrac has completed 1 acquisition, including Mission Well Services.
- Headquarter Calgary, Canada
- Employees 2200 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Calfrac Well Services Ltd.
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Annual Revenue
$1.09 B (USD)-15.92as on Dec 31, 2024
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Net Profit
$7.21 M (USD)-94.56as on Dec 31, 2024
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EBITDA
$133.56 M (USD)-40.01as on Dec 31, 2024
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Latest Funding Round
$26.08 M (USD), Post-IPO
Dec 18, 2020
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Investors
Clarke Inc
& 1 more
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Employee Count
2200
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Calfrac
Calfrac is a publicly listed company on the TSX with ticker symbol CFW in Canada, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Software Development Team
14 people
Finance and Accounting
9 people
Leadership Team
8 people
Human Resources and Administration
7 people
Senior Team
5 people
Operations Team
5 people
Board Team
4 people
Sales and Marketing
4 people
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Funding Insights of Calfrac
- Total Funding Total Funding
- Total Rounds 4
- Last Round Post-IPO — $26.1M
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First Round
First Round
(10 Jun 2016)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2020 | Amount | Post-IPO - Calfrac | Valuation |
investors |
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| May, 2018 | Amount | Debt – Conventional - Calfrac | Valuation |
investors |
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| Dec, 2016 | Amount | Post-IPO - Calfrac | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Calfrac
Calfrac has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Clarke Inc and AIMCo. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed across multiple sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Calfrac
Calfrac has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Mission Well Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Hydraulic fracturing and coiled tubing services
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Calfrac
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Calfrac Comparisons
Competitors of Calfrac
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Calfrac
Frequently Asked Questions about Calfrac
When was Calfrac founded?
Calfrac was founded in 1999 and raised its 1st funding round 17 years after it was founded.
Where is Calfrac located?
Calfrac is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
How many employees does Calfrac have?
As of Dec 31, 2024, the latest employee count at Calfrac is 2,200.
What is the annual revenue of Calfrac?
Annual revenue of Calfrac is $1.09B as on Dec 31, 2024.
What does Calfrac do?
Calfrac was founded in 1999 and is headquartered in Calgary, Canada. Operations focus on the energy sector, where well stimulation services are delivered to enhance crude oil and natural gas production. Hydraulic fracturing, coiled tubing, and cementing are offered as core services for well completion and production enhancement. These activities support clients across various oil and gas regions through specialized equipment and techniques.
Is Calfrac publicly traded?
Yes, Calfrac is publicly traded on TSX under the ticker symbol CFW.
How many acquisitions has Calfrac made?
Calfrac has made 1 acquisition, including Mission Well Services.
Who are Calfrac's investors?
Calfrac has 2 investors. Key investors include Clarke Inc, and AIMCo.
What is Calfrac's ticker symbol?
The ticker symbol of Calfrac is CFW on TSX.