M&A Deal Summary

CWC Acquires Ironhand Drilling

On May 15, 2014, CWC acquired energy services and equipment company Ironhand Drilling for 103M USD

Acquisition Highlights
  • This is CWC’s 1st transaction in the Energy Services and Equipment sector.
  • This is CWC’s largest (disclosed) transaction.
  • This is CWC’s 1st transaction in Canada.
  • This is CWC’s 1st transaction in Alberta.

M&A Deal Summary
Date 2014-05-15
Target Ironhand Drilling
Sector Energy Services and Equipment
Buyer(s) CWC
Deal Type Add-on Acquisition
Deal Value 103M USD

Target

Ironhand Drilling

Calgary, Alberta, Canada
website
Ironhand Drilling, Inc. is a drilling contractor operating in Western Canada.

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Buyer(S) 1

Buyer

CWC

Calgary, Alberta, Canada

website

Category Company
Sector Energy Services and Equipment
Revenue 205M CAD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 C&J Energy Services - Rig Services Business

Saskatchewan, Canada

C&J Energy Services Ltd. - Rig Services Business includes canadian fleet of 75 workover rigs, 13 swabbing rigs and the real estate associated with six operating facilities throughout Western Canada.

Buy CA$38M
Mergr

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