M&A Deal Summary

geoLOGIC Acquires JWN Energy

On March 9, 2021, geoLOGIC acquired information services company JWN Energy from Glacier Media Group for 8M CAD

Acquisition Highlights
  • This is geoLOGIC’s 2nd transaction in the Information Services sector.
  • This is geoLOGIC’s largest (disclosed) transaction.
  • This is geoLOGIC’s 2nd transaction in Canada.
  • This is geoLOGIC’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2021-03-09
Target JWN Energy
Sector Information Services
Buyer(s) geoLOGIC
Sellers(s) Glacier Media Group
Deal Type Divestiture
Deal Value 8M CAD

Target

JWN Energy

Calgary, Alberta, Canada
website
JWN Energy is Canada's most trusted provider of information, intelligence, and insight into the Canadian energy industry. JWN Energy's flagship products, the Daily Oil Bulletin and Oilweek were launched in 1937 and 1948, respectively, and for over 80 years have continued to provide extensive information and insight about Canada's upstream oil and gas industry. JWN Energy was founded in 1937 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

geoLOGIC

Calgary, Alberta, Canada

website

Category Company
Founded 1983
Sector Software
DESCRIPTION

geoLOGIC develops and supplies integrated software and data solutions to oil and gas exploration and production companies and related industries in North America. The Company is a premier provider of mission-critical software and data products that are deeply embedded in client company workflows and support clients’ large scale asset planning and operating decisionmaking. geoLOGIC was founded in 1983 and is based in Calgary, Alberta.

DEAL STATS #
Overall 3 of 3
Sector (Information Services) 2 of 2
Type (Divestiture) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 SubsurfaceIO

Houston, Texas, United States

SubsurfaceIO is a SaaS interpretation package for Oil and Gas, preloaded with good header, completion, and log data. SubsurfaceIO offering enterprise installations of its technology, providing a solution that oil and gas companies had long sought: the ability to automate the collecting, organizing, and cleaning of their data, and access it all in a modern and intuitive web-based interface. SubsurfaceIO was founded in 2017 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Glacier Media Group

Vancouver, British Columbia, Canada

website

Category Company
Founded 1988
Sector Marketing
Employees1,530
Revenue 165M CAD (2021)
DESCRIPTION

Glacier Media, Inc. is an information & marketing solutions company pursuing growth in sectors where the provision of essential information and related services provides high customer utility and value. The Company’s products and services are focused on two areas: 1) data, analytics, and intelligence; and 2) content & marketing solutions. Glacier Media was founded in 1988 and is headquartered in Vancouver, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Information Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
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