Trican Well Service - M&A Summary and Business Overview

Energy Services And EquipmentCompany

Trican Well Service M&A Summary

Trican Well Service has acquired 2 companies. It has also divested 2 assets.

Trican Well Service’s largest acquisition to date was in 2017, when it acquired Canyon Services Group for $637M. It’s largest disclosed sale occurred in 2016, when it sold Trican Well Service - U.S. Assets to Keane Group for $247M. Trican Well Service has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include business services (50%) and energy services and equipment (50%).

Trican Well Service Business Overview

Where is Trican Well Service headquartered?

Trican Well Service is headquartered in Calgary, Alberta.

What is Trican Well Service’s revenue?

Trican Well Service disclosed revenue of 973M CAD for 2023 and 866M CAD for 2022.

How many employees does Trican Well Service have?

Trican Well Service has 1,195 employees.

What sector is Trican Well Service in?

Trican Well Service is an energy services and equipment company.

When was Trican Well Service founded?

Trican Well Service was founded in 1979.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity2
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

Trican Well Service

Trican Well Service Ltd.

645-7th Avenue SW, Suite 2900,
Calgary, Alberta T2P 4G8
Canada,
(403) 266-0202
www.tricanwellservice.com

Trican Well Service is a provider of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves. Trican Well Service was founded in 1979 and 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 $637M $637M
Sell (0.0/yr) # 2 - - - - - 2
vol $288M $288M
  4

Most Recent M&A

Company Date Value Type
Canyon Services Group, Inc. 2017-03-22 637M USD Add-on Acquisition
Calgary, Alberta · www.canyontech.ca
Trican Well Service Ltd. - Completion Tools Business 2016-06-01 41M CAD Divestiture
Calgary, Alberta
Trican Well Service - U.S. Assets 2016-01-26 247M USD Divestiture
, United States
Liberty Pressure Pumping LP 2007-02-02 - Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 1 (50%) 637M (100%) 1 (50%) 247M (86%)
Business Services 1 (50%) - - -
Machinery - - 1 (50%) 41M (14%)
Total 2 $637M 2 $288M

By Geo

State/Country Buy Value Sell Value
Canada 1 637M 1 41M
  Alberta 1 637M 1 41M
United States 1 - 1 247M
  Texas 1 - - -
Domestic 1 (50%) 637M (100%) 1 (50%) 41M (14%)
Cross-border 1 (50%) - 1 (50%) 247M (86%)
Total 2 $637M 2 $288M

Top M&A Advisors

Financial Deals
RBC Capital Markets
 3
Scotia Capital, Inc. (Scotiabank - Global Banking and Markets)
 1
Legal Deals
Blake, Cassels & Graydon
 1

Deal Values

buy # Total
$100M to $1B 1 $637M
TOTAL $637M
Largest Canyon Services Group, Inc.
$637M (2017-03-22)
sell # Total
$100M to $1B 1 $247M
< $100M 1 $41M
TOTAL $288M
Largest Trican Well Service - U.S. Assets
$247M (2016-01-26)

M&A Connections

Deals
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

973   13% 2023
866   55% 2022
562   42% 2021
397   38% 2020
636   30% 2019
901   4% 2018
930   187% 2017
325   73% 2016
1,188   57% 2015
2,704   2014
(millions of CAD) Show More Show Less

Employees

1,195

Established

1979

Public

Toronto (TSX): TCW

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