Varel Energy Solutions

Houston, United States Founded: 1947 • Age: 79 yrs
Downhole products and drill bits are manufactured and supplied.
Annual revenue - Latest available
Total funding - 1 rounds
Employees - Tracked headcount
Investors 1 Known backers
Products 2 Services tracked
Competitors - Brand Intelligence

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
  • Sectors
    Industrial Goods & Manufacturing
  • Phone
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  • Website
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  • Social
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  • Legal Name Varel Energy Solutions
Operational Areas
Industrial Goods & Manufacturing → Contract & Custom Manufacturing Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Latest Funding Round
    Not available
  • Investors
  • Employee Count
    Not available
  • Investments & Acquisitions
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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.

Product name locked
Category locked
Primary

PDC drill bits are manufactured for use in energy sector drilling applications to support well construction efforts.

Product name locked
Category locked
Locked

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.

All
Institutional
Investor Description Founded Year Domain Location
Bluewater is engaged in private equity investments within the global energy supply chain.
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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.

Investments
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Investment portfolio details for Varel Energy Solutions

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Acquisitions
Company Name Description Domain Location Founded Year Amount
Designer of downhole tools and equipment for drilling
Locked Locked 2012 Locked
Manufacturing services are provided by SledgeHammer in India.
Locked Locked 2006 Locked
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Complete acquisition details for Varel Energy Solutions

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Financial Statements - Varel Energy Solutions

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Detailed financials for Varel Energy Solutions

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Varel Energy Solutions Comparisons

Varel Energy Solutions Primary company
Description
Downhole products and drill bits are manufactured and suppli...
Location
Houston, United States
Founded Year
1947
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Varel Energy Solutions

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Competitors of Varel Energy Solutions

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Detailed competitors of Varel Energy Solutions

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Latest news on Varel Energy Solutions

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Complete news archive for 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.

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