BDO Capital Advisors Announces the Sale of J-Mac Tool to Forum Energy Technologies

Boston, MA - February 3, 2015 - BDO Capital Advisors, LLC is pleased to announce that J-Mac Tool, Inc. (“J-Mac”) has been acquired by Forum Energy Technologies, Inc. (NYSE:FET) (“Forum”). As the exclusive financial advisor to J-Mac, BDO Capital assisted the shareholders in structuring and negotiating the transaction.

J-Mac, founded in 1986 and located in Fort Worth, Texas, manufactures high quality hydraulic fracturing pumps, power ends, fluid ends, and other pump accessories. J-Mac also provides repair and refurbishment services for power ends and fluid ends at its main Fort Worth facility and at service centers located in the Eagle Ford and Permian basins. The former owners of J-Mac have retained the frac trailer integration and controls business. Forum is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. Forum’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. With over 3,700 employees, Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe.

Cris Gaut, Forum’s Chairman and Chief Executive Officer, commented, “Forum’s strong financial position allows us to make opportunistic acquisitions in this market. The acquisition of J-Mac will increase the range of products in our Flow Equipment product line and expand our offering of critical equipment, consumable products and aftermarket services provided to the pressure pumping market. We will now be able to provide our customers the full suite of pumps, replacement power and fluid ends, manifolds, valves and treating iron. We see opportunity to expand the market for J-Mac’s products by utilizing our existing sales and distribution network. We welcome the employees of J-Mac to the Forum family.”

BDO Capital was introduced to this opportunity by Tracy Bolt, an Executive Consultant in the BDO Fort Worth office. The transaction was overseen by Managing Director Kevin Sendlenski with support from Analyst Lyndsay Ronan, both based in BDO Capital’s Boston office.
 

ABOUT BDO CAPITAL ADVISORS, LLC
BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.

The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.