ARC's Global Tubing Bought by FET and Quantum Energy Partners
Global Tubing LLC, a Dayton, Texas-based maker of coiled tubing, has agreed to be acquired jointly by Houston's Forum Energy Technologies Inc. (FET), a provider of technologies and applied products to the energy industry, and U.S. private equity firm Quantum Energy Partners. Upon completion of the undisclosed deal, Quantum and FET will hold an equal interest in the company. Canadian energy-focused private equity firm ARC Financial Corp., Global Tubing's majority investor, is the seller.
5 June 2013•3 mins read
