M&A Deal Summary

PFM Capital Acquires Sun Country

On March 26, 2010, private equity firm PFM Capital acquired energy services and equipment company Sun Country

Acquisition Highlights
  • This is PFM Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is PFM Capital’s 1st transaction in Canada.
  • This is PFM Capital’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2010-03-26
Target Sun Country
Sector Energy Services and Equipment
Buyer(s) PFM Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sun Country

Estevan, Saskatchewan, Canada
website
Sun Country is a private well-servicing contractor operating out of Estevan, Saskatchewan. The company’s use of newly constructed freestanding mobile service rigs, combined with a highly experienced management team and a board of industry veterans, will allow Sun Country to attract a diverse set of top-tier clients.

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Buyer(S) 1

Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1989
PE ASSETS 652M CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $20 million per transaction. PFM was formed in 1989 and has been investing since 1993. The Firm is based in Regina.

DEAL STATS #
Overall 1 of 22
Sector (Energy Services and Equipment) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 19
State (Saskatchewan) 1 of 12
Country (Canada) 1 of 21
Year (2010) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-27 Legacy Oil + Gas

Calgary, Alberta, Canada

Legacy Oil + Gas, Inc. is a light oil-weighted producer with approximately 22,000 boe/d of high-netback production, of which more than 15,000 boe/d is from conventional and unconventional plays in Crescent Point’s core southeast Saskatchewan, Manitoba and North Dakota areas.

Buy $10M
Mergr

Product

Company

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