M&A Deal Summary

Kent Acquires SNC-Lavalin Group - Resources Oil & Gas Business

On February 9, 2021, Kent acquired energy services and equipment company SNC-Lavalin Group - Resources Oil & Gas Business from SNC-Lavalin

Acquisition Highlights
  • This is Kent’s 1st transaction in the Energy Services and Equipment sector.
  • This is Kent’s 1st transaction in Canada.
  • This is Kent’s 1st transaction in Quebec.

M&A Deal Summary

Date 2021-02-09
Target SNC-Lavalin Group - Resources Oil & Gas Business
Sector Energy Services and Equipment
Buyer(s) Kent
Sellers(s) SNC-Lavalin
Deal Type Divestiture

Target

SNC-Lavalin Group - Resources Oil & Gas Business

Montreal, Quebec, Canada
SNC-Lavalin Group's Resources Oil & Gas Business includes services and LSTK, de-risking operations and reducing LSTK delivery and warranty obligations to clients in a variety of industry sectors.

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Buyer(S) 1

Buyer

Kent

Dubai, United Arab Emirates

website


Category Company
Founded 1994
Sector Energy Services and Equipment
DESCRIPTION

Kent is a diversified electrical services provider with core capabilities that include the provision of multidiscipline engineering, procurement, construction, commissioning, and maintenance services across a range of energy and industrial facilities in key growth regions around the world. Kent was founded in 1994 and is based in Dubai, United Arab Emirates.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

SNC-Lavalin

Montreal, Quebec, Canada

website


Category Company
Founded 1911
Sector Energy Services and Equipment
Employees37,584
Revenue 7.5B CAD (2022)
DESCRIPTION

SNC-Lavalin is a global fully integrated professional services and project management company. SNC-Lavalin will build, own, and operate the natural gas compression assets for the Nautilus natural gas gathering system, building on SNC-Lavalin’s world-leading expertise across the entire oil & gas value chain. SNC-Lavalin was founded in 1911 and is based in Montreal, Quebec.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Quebec) 2 of 2
Country (Canada) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Data Transfer Solutions

Orlando, Florida, United States

Data Transfer Solutions, Inc. is a provider of a comprehensive enterprise asset management software solution, DTS provides state-of-the-art tools and solutions to clients with large, complex infrastructure assets.

Buy $45M