M&A Deal Summary

ClearStream Energy Services Acquires AECOM - Production Services Division

On June 28, 2019, ClearStream Energy Services acquired oil/gas exploration company AECOM - Production Services Division from AECOM for 42M USD

Acquisition Highlights
  • This is ClearStream Energy Services’ 1st transaction in the Oil/Gas Exploration sector.
  • This is ClearStream Energy Services’ largest (disclosed) transaction.
  • This is ClearStream Energy Services’ 1st transaction in Canada.
  • This is ClearStream Energy Services’ 1st transaction in Alberta.

M&A Deal Summary
Date 2019-06-28
Target AECOM - Production Services Division
Sector Oil/Gas Exploration
Buyer(s) ClearStream Energy Services
Sellers(s) AECOM
Deal Type Divestiture
Deal Value 42M USD

Target

AECOM - Production Services Division

Alberta, Canada
AECOM - Production Services Division operates in the mechanical services and electrical and instrumentation services sectors across Alberta. These services include the full project life cycle of construction and maintenance services such as civil, fabrication and modularization, mechanical installations, facility construction, pipelining, electrical, instrumentation, high voltage and maintenance services.

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Buyer(S) 1

Buyer

ClearStream Energy Services

Calgary, Alberta, Canada

website

Category Company
Revenue 378M CAD (2018)
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

AECOM

Los Angeles, California, United States

website

Category Company
Founded 1980
Sector Business Services
Employees54,000
Revenue 13.1B USD (2022)
DESCRIPTION
AECOM's corporate headquarters in Los Angeles, California.
AECOM's corporate headquarters in Los Angeles, California.

AECOM is a global provider of professional technical and management support services for public and private clients around the world. AECOM provides planning, consulting, architectural and engineering design, and program and construction management services for a broad range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities and power transmission and distribution. AECOM also provides program and facilities management and maintenance, training, logistics, security and other support services, primarily for agencies of the US government. AECOM was formed in 1980 and is based in Los Angeles, California.

DEAL STATS #
Overall 2 of 6
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 2 of 5
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Shimmick

Oakland, California, United States

Shimmick is a general engineering contractor that designs and builds dams, bridges, water treatment facilities, and foundations. Shimmick was founded in 1990 and is headquartered in Oakland, California.

Buy $175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Amentum

Chantilly, Virginia, United States

Amentum is a contractor to the U.S. federal government and select allied national governments, supporting programs of critical national significance across defense, security and intelligence, energy, and environmental cleanup. Amentum previously operated as the Management Services segment within AECOM. Amentum is based in Chantilly, Virginia.

Sell $2.4B
Mergr

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Company

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