CWC - M&A Summary, Ownership, and Business Overview

Energy Services And EquipmentCompany

CWC M&A Summary

CWC has acquired 2 companies of its own.

CWC’s largest acquisition to date was in 2014, when it acquired Ironhand Drilling for $103M. The Company’s most targeted sectors include energy services and equipment (100%).

CWC Ownership

Who owns CWC?

CWC is owned by Precision Drilling. It was acquired on September 7, 2023.

CWC Business Overview

Where is CWC headquartered?

CWC is headquartered in Calgary, Alberta.

What is CWC’s revenue?

CWC disclosed revenue of 205M CAD for 2022 and 103M CAD for 2021.

What sector is CWC in?

CWC is an energy services and equipment company.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

CWC

CWC Energy Services Corp.

605 – 5th Avenue SW, Suite 2910,
Calgary, Alberta T2P 3H5
Canada,
(403) 264-2177
www.cwcenergyservices.com

CWC is a contract drilling and well servicing company operating in the Western Canadian Sedimentary Basin with a complementary suite of oilfield services including drilling rigs, service rigs, coil tubing and well CWC Energy Services is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $132M $132M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
C&J Energy Services Ltd. - Rig Services Business 2017-10-30 29M CAD Divestiture
, Saskatchewan
Ironhand Drilling, Inc. 2014-05-15 103M USD Add-on Acquisition
Calgary, Alberta · www.ironhanddrilling.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 132M (100%) - -
Total 2 $132M - -

By Geo

State/Country Buy Value Sell Value
Canada 2 132M - -
  Saskatchewan 1 29M - -
  Alberta 1 103M - -
Total 2 $132M - -

Top M&A Advisors

Financial Deals
FirstEnergy Capital Corp.
 1
CIBC Capital Markets
 1

Deal Values

buy # Total
$100M to $1B 1 $103M
< $100M 1 $29M
TOTAL $132M
Largest Ironhand Drilling, Inc.
$103M (2014-05-15)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

205   100% 2022
103   52% 2021
68   38% 2020
108   26% 2019
145   30% 2018
112   54% 2017
73   10% 2016
81   44% 2015
144   2014
(millions of CAD) Show More Show Less

Former Name

CWC Well Services Corp.

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