M&A Deal Summary

Energy Spectrum Capital, ARC Financial and Ontario Teachers Pension Plan Acquire KANATA Energy Group

On January 31, 2013, private equity firm Energy Spectrum Capital, private equity firm ARC Financial and pension Ontario Teachers Pension Plan acquired energy services and equipment company KANATA Energy Group for 330M USD

Acquisition Highlights
  • This is Energy Spectrum Capital’s 33rd, ARC Financial’s 2nd and Ontario Teachers Pension Plan’s 3rd transaction in the Energy Services and Equipment sector.
  • This is Energy Spectrum Capital’s , ARC Financial’s and Ontario Teachers Pension Plan’s 30th largest (disclosed) transaction.
  • This is Energy Spectrum Capital’s 2nd, ARC Financial’s 10th and Ontario Teachers Pension Plan’s 13th transaction in Canada.
  • This is Energy Spectrum Capital’s 2nd, ARC Financial’s 9th and Ontario Teachers Pension Plan’s 4th transaction in Alberta.

M&A Deal Summary

Date 2013-01-31
Target KANATA Energy Group
Sector Energy Services and Equipment
Buyer(s) Energy Spectrum Capital
ARC Financial
Ontario Teachers Pension Plan
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 330M USD

Target

KANATA Energy Group

Calgary, Alberta, Canada
website
KANATA Energy Group is a Canadian midstream company focused on acquiring, building, and developing midstream assets throughout Canada. KANATA Energy Group is based in Calgary, Alberta.

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Buyer(S) 3

Buyer

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 42 of 57
Sector (Energy Services and Equipment) 33 of 37
Type (Buyout (LBO, MBO, MBI)) 39 of 48
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2013) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Enerven Compression Services

Dallas, Texas, United States

Enerven is a diversified provider of compression services including rental of compressors for wellhead and field compression needs, maintenance services for customer-owned compressors and build-and-operate services for new midstream gas infrastructure projects.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Lakewood Midstream

Tulsa, Oklahoma, United States

Lakewood Midstream LLC is a midstream company focused on acquiring and developing producer services assets in Texas and Oklahoma.

Buy -
Buyer

ARC Financial

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 6.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

ARC Financial Corp is a specialist private equity firm that invests in Canadian energy companies. Specific areas of interest include emerging resources/drilling technologies, oil sands, and oilfield services. ARC looks to commit $25 to $100 million per transaction. Transaction types include buyouts, growth capital financings, and recapitalizations. ARC Financial Corp. was formed in 1989 and is headquartered in Calgary.


DEAL STATS #
Overall 12 of 19
Sector (Energy Services and Equipment) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Alberta) 9 of 13
Country (Canada) 10 of 16
Year (2013) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Modern Resources

Calgary, Alberta, Canada

Modern Resources is an oil and gas company focused on the pursuit of proved reserve acquisitions. Modern Resources was founded in 2012 and is based in Calgary, Alberta.

Buy CA$300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-05 Global Tubing

Dayton, Texas, United States

Global Tubing, LLC is a manufacturer of coiled tubing based in Houston. The company's products are intended for the world coiled tubing market.

Sell -
Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

website


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 62 of 175
Sector (Energy Services and Equipment) 3 of 5
Type (Buyout (LBO, MBO, MBI)) 26 of 40
State (Alberta) 4 of 6
Country (Canada) 13 of 26
Year (2013) 2 of 6
Size (of disclosed) 30 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-02 Plano Molding

Plano, Illinois, United States

Plano Molding is a provider of fishing and fall sports markets in the U.S. The company has a dominant market share in tackle boxes, bait storage, gun cases, archery cases, and ice fishing products. It also produces cases for cosmetics, tools and crafts, as well as storage containers and shelving for home and office. Plano Molding was founded in 1932 and is based in Plano, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-16 CSC ServiceWorks

Melville, New York, United States

CSC ServiceWorks is a manufacturer of the coin-operated laundry machine. CSC ServiceWorks was founded in 2013 and is based in Melville, New York.

Buy $1.4B