M&A Deal Summary

CWC Acquires C&J Energy Services - Rig Services Business

On October 30, 2017, CWC acquired energy services and equipment company C&J Energy Services - Rig Services Business from C&J Energy Services for 38M CAD

Acquisition Highlights
  • This is CWC’s 2nd transaction in the Energy Services and Equipment sector.
  • This is CWC’s 2nd largest (disclosed) transaction.
  • This is CWC’s 2nd transaction in Canada.
  • This is CWC’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2017-10-30
Target C&J Energy Services - Rig Services Business
Sector Energy Services and Equipment
Buyer(s) CWC
Sellers(s) C&J Energy Services
Deal Type Divestiture
Deal Value 38M CAD

Target

C&J Energy Services - Rig Services Business

Saskatchewan, Canada
C&J Energy Services Ltd. - Rig Services Business includes canadian fleet of 75 workover rigs, 13 swabbing rigs and the real estate associated with six operating facilities throughout Western Canada.

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Buyer(S) 1

Buyer

CWC

Calgary, Alberta, Canada

website

Category Company
Sector Energy Services and Equipment
Revenue 205M CAD (2022)
DESCRIPTION

CWC is a contract drilling and well servicing company operating in the Western Canadian Sedimentary Basin with a complementary suite of oilfield services including drilling rigs, service rigs, coil tubing and well CWC Energy Services is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-15 Ironhand Drilling

Calgary, Alberta, Canada

Ironhand Drilling, Inc. is a drilling contractor operating in Western Canada.

Buy $103M

Seller(S) 1

SELLER

C&J Energy Services

Houston, Texas, United States

website

Category Company
Founded 1997
Sector Energy Services and Equipment
Employees6,339
Revenue 2.2B USD (2018)
DESCRIPTION
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.
Entrance to C&J Energy Services' corporate headquarters in Houston, Texas.

C&J Energy Services Inc. is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pressure pumping and other complementary oilfield services with a focus on complex, technically demanding well completions. C&J Energy Services was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 O-Tex Pumping

Midland, Texas, United States

O-Tex Pumping LLC is a provider of unrivaled primary and secondary cementing and specialty pumping services throughout most major shales. O-Tex Pumping LLC was established in 2008 and is based in Midland, Texas.

Buy $133M
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