M&A Deal Summary

Spartan Energy Acquires ARC Resources - Saskatchewan Assets

On November 17, 2016, Spartan Energy acquired oil/gas exploration company ARC Resources - Saskatchewan Assets from Arc Resources for 700M USD

Acquisition Highlights
  • This is Spartan Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Spartan Energy’s largest (disclosed) transaction.
  • This is Spartan Energy’s 1st transaction in Canada.
  • This is Spartan Energy’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2016-11-17
Target ARC Resources - Saskatchewan Assets
Sector Oil/Gas Exploration
Buyer(s) Spartan Energy
Sellers(s) Arc Resources
Deal Type Divestiture
Deal Value 700M USD

Target

ARC Resources - Saskatchewan Assets

Saskatchewan, Canada
ARC Resources Ltd. - Saskatchewan Assets and operations, which produce approximately 7,500 boe per day of production, as at the third quarter of 2016, with 37,893 Mboe of proved plus probable reserves at year-end 2015.

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Buyer(S) 1

Buyer

Spartan Energy

Calgary, Alberta, Canada

website

Category Company
Founded 1988
Sector Oil/Gas Exploration
Employees65
Revenue 359M CAD (2017)
DESCRIPTION

Spartan Energy Corp. is an oil and gas company based in Calgary, Alberta. Spartan has operations in central Alberta and in southeast Saskatchewan and maintains a multi-year inventory of oil focused horizontal drilling opportunities.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Arc Resources

Calgary, Alberta, Canada

website

Category Company
Founded 1996
Sector Test/Measurement Equipment
Employees438
Revenue 9.9B CAD (2022)
DESCRIPTION

Arc Resources is a provider of high performance microelectronic components and test and measurement equipment used by companies in the commercial wireless communications, space, avionics, medical and other markets. Arc Resources was incorporated in 1996 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-06 Shenick Network Systems

Dun Laoghaire, Ireland

Shenick, headquartered in Dublin, Ireland, is a pioneer in the IP test and measurement testing market and has developed a unique solution for today’s virtualized and physical network infrastructure. TeraVM™ helps service providers and network equipment manufacturers load, analyze, develop and validate the performance and capabilities of a wide variety of network and security devices including VPN/Firewall, vSwitch, DPI or IPS/IDS, vLoad Balancer and video infrastructure. Additionally, TeraVM™ provides highly realistic and very high load traffic generation and analysis from 1 Gigabit to 1 Terabit of fully stateful data application traffic, with comprehensive measurement and performance analysis on each and every application flow to easily pinpoint and isolate problems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Seven Generations Energy

Calgary, Alberta, Canada

Seven Generations Energy is a private oil and gas company focused on resource plays in North America, including shale gas, tight gas, tight oil, and oil sands. Seven Generations Energy was founded in 2008 and is based in Calgary, Alberta.

Buy -
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