About Varel Energy Solutions
Varel Energy Solutions is a company based in Houston (United States) founded in 1947. Varel Energy Solutions has completed 2 acquisitions, including Ace Well Technology and SledgeHammer. Varel Energy Solutions offers products and services including PDC Drill Bits and Roller Cone Drill Bits.
- Headquarter Houston, United States
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Sectors
Industrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Varel Energy Solutions
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
Not available
- Investors
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Employee Count
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Investments & Acquisitions
Ace Well Technology
& 1 more
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Products & Services of Varel Energy Solutions
Varel Energy Solutions offers a comprehensive portfolio of products and services, including PDC Drill Bits and Roller Cone Drill Bits.
PDC drill bits are manufactured for use in energy sector drilling applications to support well construction efforts.
Roller cone drill bits are provided for well construction and related operations in the energy industry.
Funding Insights of Varel Energy Solutions
Investors in Varel Energy Solutions
Varel Energy Solutions has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Bluewater.
| Investor | Description | Founded Year | Domain | Location |
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Bluewater is engaged in private equity investments within the global energy supply chain.
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Locked | Locked | Locked |
Investor details for Varel Energy Solutions
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Investments & Acquisitions by Varel Energy Solutions
Varel Energy Solutions has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ace Well Technology and SledgeHammer.
Investment portfolio details for Varel Energy Solutions
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Designer of downhole tools and equipment for drilling
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Locked | Locked | 2012 | Locked | |
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Manufacturing services are provided by SledgeHammer in India.
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Locked | Locked | 2006 | Locked |
Complete acquisition details for Varel Energy Solutions
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Financial Statements - Varel Energy Solutions
Detailed financials for Varel Energy Solutions
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Varel Energy Solutions Comparisons
Peer comparison for Varel Energy Solutions
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Competitors of Varel Energy Solutions
Detailed competitors of Varel Energy Solutions
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Latest news on Varel Energy Solutions
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Frequently Asked Questions about Varel Energy Solutions
Varel Energy Solutions was founded in 1947 and raised its 1st funding round 73 years after it was founded.
Varel Energy Solutions is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Derek Nixon is the current CEO of Varel Energy Solutions.
Varel Energy Solutions was established in 1947 and is based in Houston, United States. Manufacturing services for downhole products and drill bits are provided within the energy sector, particularly for oil and gas drilling operations. Focus is placed on components that support subsurface exploration and production activities. Operations extend to international markets, with emphasis on reliability in harsh drilling conditions. Leadership is held by CEO Derek Nixon.
Varel Energy Solutions offers PDC Drill Bits and Roller Cone Drill Bits.
Varel Energy Solutions has made 2 acquisitions, including Ace Well Technology, and SledgeHammer.
Varel Energy Solutions has 1 investor. Key investors include Bluewater.