Add-on Acquisition • Oil/Gas Exploration

Bonavista Energy Acquires TriQuest Energy

On December 16, 2003, Bonavista Energy acquired oil/gas exploration company TriQuest Energy from Quantum Energy Partners

Acquisition Context
  • This is Bonavista Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Bonavista Energy’s 1st transaction in Canada.
  • This is Bonavista Energy’s 1st transaction in Alberta.

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M&A Deal Summary

Date December 16, 2003
Target TriQuest Energy
Sector Oil/Gas Exploration
Buyer(s) Bonavista Energy
Sellers(s) Quantum Energy Partners
Deal Type Add-on Acquisition

Target Company

TriQuest Energy

Calgary, Alberta, Canada
TriQuest Energy Corp. ('TriQuest'), an exploration and production company based in Calgary, Alberta, Canada. TriQuest was primarily focused on growing its reserve base through exploration and development in West Central Alberta.
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Buyer Overview 1

Buyer

Bonavista Energy

Calgary, Alberta, Canada

Category Company
Founded 1987
Sector Oil/Gas Exploration
Revenue 515M CAD (2018)
DESCRIPTION

Bonavista Energy is a mid-sized energy corporation committed to prudently operating high quality oil and natural gas properties and providing consistent returns to our shareholders while ensuring financial strength and sustainability. Bonavista Energy was founded in 1987 and is based in Calgary, Canada.


Deal Context for Buyer #
Overall 1 of 3
Sector: Oil/Gas Exploration 1 of 3
Type: Add-on Acquisition 1 of 1
State: Alberta 1 of 2
Country: Canada 1 of 3
Year: 2003 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-01 Skana Exploration

Calgary, Alberta, Canada

Skana Exploration Ltd. is a oil/gas exploration provider in Canada.

Buy $78M

Seller Profile 1

SELLER

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


Deal Context for Seller #
Overall 5 of 26
Sector: Oil/Gas Exploration 5 of 17
Type: Add-on Acquisition 3 of 17
State: Alberta 3 of 3
Country: Canada 3 of 3
Year: 2003 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-01 Pointwest Energy

Calgary, Alberta, Canada

Pointwest Energy, Inc. was an acquisition, exploration and development company primarily focused on growing its reserve base in Northeastern British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Celero Energy

Fort Worth, Texas, United States

Celero Energy LP Oil and gas exploration and production start-up focused on the acquisition and operation of on-shore producing properties in North America.

Buy -