M&A Deal Summary

AEGIS Hedging Acquires Ancova

On January 16, 2024, AEGIS Hedging acquired oil/gas exploration company Ancova

Acquisition Highlights
  • This is AEGIS Hedging’s 1st transaction in the Oil/Gas Exploration sector.
  • This is AEGIS Hedging’s 4th transaction in the United States.
  • This is AEGIS Hedging’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2024-01-16
Target Ancova
Sector Oil/Gas Exploration
Buyer(s) AEGIS Hedging
Deal Type Add-on Acquisition

Target

Ancova

Oklahoma City, Oklahoma, United States
website
Ancova provides energy marketing, producer services, and technology solutions for oil and gas producers and stakeholders. The company serves Fortune 500 public companies, small private equity-backed teams, and everything in between. It works in the midstream development and commercial marketing functions for exploration and production companies. Anadarko is based in Oklahoma City.

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Buyer(S) 1

Buyer

AEGIS Hedging

The Woodlands, Texas, United States

website

Category Company
Founded 2013
Sector Software
DESCRIPTION

AEGIS Hedging enables companies to manage their commodity price and interest rate risk through leading software and advisory capabilities. AEGIS provides unique insight into commodity and rate markets, develops and executes cash flow protection strategies, and manages all hedge program activities through a SaaS-enabled E/CTRM and analytics platform. AEGIS Hedging was founded in 2013 and is based in The Woodlands, Texas.

DEAL STATS #
Overall 4 of 4
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Oklahoma) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 InstaNext

Fort Lauderdale, Florida, United States

InstaNext is comprised of a team of software and technology experts in the fields of commodity trading, hedging, and risk management. With an extensive portfolio of successes in the E/CTRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of complex commodity markets. InstaNext was founded in 2013 and is based in Fort Lauderdale, Florida.

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