Precision - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Precision M&A Summary

Precision has acquired 2 companies, including 2 in the last 5 years.

Precision’s largest acquisition to date was in 2023, when it acquired CWC Energy Services for $141M. The Company’s most targeted sectors include energy services and equipment (100%).

Precision Business Overview

Where is Precision headquartered?

Precision is headquartered in Calgary, Alberta.

What is Precision’s revenue?

Precision disclosed revenue of 1,938M USD for 2023 and 1,617M USD for 2022.

How many employees does Precision have?

Precision has 5,000 employees.

What sector is Precision in?

Precision is an energy services and equipment company.

When was Precision founded?

Precision was founded in 1951.

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 4

Precision

Precision Drilling Corp.

525-8th Ave S.W, Suite 800,
Calgary, Alberta T2P 1G1
Canada,
(403) 716-4500
www.precisiondrilling.com

Precision is a provider of safe and environmentally responsible High Performance, High-Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. The company has commercialized an industry-leading digital technology portfolio known as “Alpha™” that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Additionally, It offers well-service rigs, camps, and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel. Precision was incorporated in 1951 and is based in Calgary, Alberta.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - - - 1 1 - 2
vol $38M $141M $179M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
CWC Energy Services Corp. 2023-09-07 141M USD Add-on Acquisition
Calgary, Alberta · www.cwcenergyservices.com
High Arctic Energy Services, Inc. - Well Servicing Business and Associated Rentals Assets 2022-07-18 38M USD Divestiture
Calgary, Alberta
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 179M (100%) - -
Total 2 $179M - -

By Geo

State/Country Buy Value Sell Value
Canada 2 179M - -
  Alberta 2 179M - -
Total 2 $179M - -

Top M&A Advisors

Financial Deals
Evercore Group
 1
CIBC Capital Markets
 1
Legal Deals
Osler
 1
Torys LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $141M
< $100M 1 $38M
TOTAL $179M
Largest CWC Energy Services Corp.
$141M (2023-09-07)

M&A Connections

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

Company Summary

SECTOR

Energy Services and Equipment

Revenue

1,938   20% 2023
1,617   64% 2022
987   6% 2021
936   40% 2020
1,541   0% 2019
1,541   2018
(millions of USD) Show More Show Less

Employees

5,000

Established

1951

Public

NYSE: PDS

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