Forum Energy Technologies, a provider of cost-effective support products for the development and production of oil and natural gas, filed on Thursday with the SEC to raise up to $300 million in an initial public offering. The company supplies an assortment of products that seek to support a wide spectrum of oil and natural gas developmental procedures, including drilling, subsea exploration, production, and infrastructure. Forum Energy currently employs 2,900 employees worldwide (2,100 in the United States) and is backed by oil-focused, Houston-based private equity firm SCF Partners. The company booked $859 million in sales for the 12 months ended June 30, 2011 and plans to list on the New York Stock Exchange under the symbol FET. J.P. Morgan is set to be the lead underwriter on the deal. Terms and timing have yet to be announced.
