M&A Deal Summary

Subterra Renewables Acquires Earth Drilling

On October 27, 2023, Subterra Renewables acquired construction company Earth Drilling

Acquisition Highlights
  • This is Subterra Renewables’ 1st transaction in the Construction sector.
  • This is Subterra Renewables’ 1st transaction in Canada.
  • This is Subterra Renewables’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2023-10-27
Target Earth Drilling
Sector Construction
Buyer(s) Subterra Renewables
Deal Type Add-on Acquisition

Target

Earth Drilling

Langley, British Columbia, Canada
website
Earth Drilling is a geotechnical and environmental drilling company that operates a variety of drill rigs, combined with support equipment, which services Western Canada through offices in Calgary, Alberta, and Regina, Saskatchewan. With a focus on obtaining reliable soil and core samples, the company helps its clients achieve their drilling targets or uncover the best methods for remediation, construction, and development. Earth Drilling was formed in 1976 and is based in Langley, British Columbia.

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Buyer(S) 1

Buyer

Subterra Renewables

Toronto, Ontario, Canada

website

Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Subterra Renewables is a geothermal energy utility provider that develops and operates thermal district energy systems using geothermal and heat recovery technology. The company helps building developers reduce costs while meeting the unique energy needs and carbon reduction targets of their buildings. Subterra Renewables was formed in 2017 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1
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