M&A Deal Summary |
|
|---|---|
| Date | 2023-12-28 |
| Target | Delta |
| Sector | Energy Services and Equipment |
| Buyer(s) | High Arctic Energy Services |
| Deal Type | Add-on Acquisition |
| Deal Value | 7M USD |
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| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Energy Services and Equipment |
| Employees | 112 |
| Revenue | 80M CAD (2022) |
High Arctic Energy Services through its subsidiaries, is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations. High Arctic's new underbalanced drilling technology and equipment is recognized for its ability to improve oil and gas production capabilities and is expected to develop greater acceptance in international markets. High Arctic Energy Services was founded in 1993 and is based in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Energy Services and Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 2 of 2 |
| Year (2023) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-07-18 |
High Arctic Energy Services - Well Servicing Business and Associated Rentals Assets
Calgary, Alberta, Canada High Arctic Energy Services' Well Servicing Business and Associated Rentals Assets provides rental assets, ancillary support equipment, inventories and spares, and six additional operating facilities in key basins. |
Sell | $38M |
