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Forum Energy Technologies Inc And Quantum Energy Partners Announces Joint Definitive Agreement To Acquire Global Tubing From ARC Financial Corp


Wednesday, 5 Jun 2013 08:30am EDT 

Forum Energy Technologies Inc and Quantum Energy Partners announced that they have entered into a definitive agreement to jointly acquire Global Tubing from ARC Financial Corp., a Calgary-based private equity firm, and a group of investors. Upon completion of the transaction, Forum and Quantum will each hold an equal interest in Global Tubing, and certain members of Global Tubing's management team will retain a small interest. Located in Dayton, Texas, Global Tubing provides coiled tubing strings and related services to customers worldwide. Completion of the transaction is subject to certain customary closing conditions. Further details of the transaction were not disclosed. Simmons & Company International served as exclusive financial advisor to Global Tubing in this transaction. 

Company Quote

35.92
0.06 +0.17%
9 Jul 2014