Forum Energy Technologies, Inc. has acquired the stock of Multilift from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and management. Based in Houston, Multilift manufactures the patented SandGuard and the Cyclone completion tools; products that extend the useful life of an electrical submersible pump (ESP) by protecting it against falling sand and other solids after shutdown.
Forum president and CEO Prady Iyyanki commented, “The Multilift acquisition fits with our strategy of increasing our product offering in the artificial lift value chain to completions customers. We intend to leverage Forum’s distribution system to rapidly grow Multilift’s sales with additional customers and through geographic expansion. We welcome the Multilift employees to Forum.”