M&A Deal Summary

Wellstar Energy Acquires Sundial Energy

On December 1, 2016, Wellstar Energy acquired energy services and equipment company Sundial Energy

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

M&A Deal Summary
Date 2016-12-01
Target Sundial Energy
Sector Energy Services and Equipment
Buyer(s) Wellstar Energy
Deal Type Add-on Acquisition

Target

Sundial Energy

Weyburn, Saskatchewan, Canada
website
Sundial Energy Ltd. is involved in the field of geothermal heating applications, LED lighting and solar power generation.

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Buyer(S) 1

Buyer

Wellstar Energy

Calgary, Alberta, Canada

website

Category Company
Founded 1985
Sector Oil/Gas Exploration
DESCRIPTION

WellStar Energy Corp. is an oil & gas company also a non-operated working interest owner in the Bakken oil play in North Dakota and Montana with approximately 1,164 net acres. WellStar's focus going forward will be to allocate capital towards increasing production within its current asset base and to make strategic acquisitions within the Western Canadian Sedimentary Basin and the Rocky Mountain states.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
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