Business

Forum Buys Merrimac, Twelfth Acquisition In Two Years

Houston-based Forum Energy Technologies has acquired Merrimac Manufacturing of Plantersville for an undisclosed sum.

Forum Energy Technologies organized just two years ago, out of a five-way merger. It’s been expanding aggressively ever since. Merrimac is the twelfth acquisition for the oilfield equipment manufacturer in two years and the second in three days. On Monday, Forum announced the purchase of Dynacon, Inc., based in Bryan.

Cris Gaut is Forum’s chairman and CEO.

“We tend to look to grow these companies and add to their production capability — including, typically, the number of employees they have. We are not a company that looks to get cost synergies or reductions as a result of acquisitions.”

Gaut says Forum has added roughly 500 jobs in the Houston area over the past year. He says the company plans additional acquisitions in 2013.

 

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Andrew Schneider

Andrew Schneider

Politics and Government Reporter

Andrew heads Houston Public Media’s coverage of national, state, and local elections. He also reports on major policy issues before the Texas delegations in the U.S. House and Senate, as well as the Texas governorship, the state legislature, and county and city governments. Before taking up his current post, Andrew...

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