High Arctic Energy Services - M&A Summary and Business Overview

Energy Services And EquipmentCompany

High Arctic Energy Services M&A Summary

High Arctic Energy Services has acquired 2 companies, including 1 in the last 5 years. It has also divested 1 asset.

High Arctic Energy Services’ largest acquisition to date was in 2023, when it acquired Delta Rental Services for $7M. It’s largest disclosed sale occurred in 2022, when it sold High Arctic Energy Services - Well Servicing Business and Associated Rentals Assets to Precision Drilling for $38M. The Company’s most targeted sectors include energy services and equipment (100%).

High Arctic Energy Services Business Overview

Where is High Arctic Energy Services headquartered?

High Arctic Energy Services is headquartered in Calgary, Alberta.

What is High Arctic Energy Services’ revenue?

High Arctic Energy Services disclosed revenue of 62M CAD for 2023 and 77M CAD for 2022.

How many employees does High Arctic Energy Services have?

High Arctic Energy Services has 202 employees.

What sector is High Arctic Energy Services in?

High Arctic Energy Services is an energy services and equipment company.

When was High Arctic Energy Services founded?

High Arctic Energy Services was founded in 1993.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

High Arctic Energy Services

High Arctic Energy Services, Inc.

330 – 5th Avenue SW, Suite 2350,
Calgary, Alberta T2P 0L4
Canada,
(403) 508-7836
www.haes.ca

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 incorporated in 1993 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 1 - - - 1 - 2
vol $7M $7M
Sell (0.2/yr) # - - - 1 - - 1
vol $38M $38M
  3

Most Recent M&A

Company Date Value Type
Delta Rental Services Ltd. 2023-12-28 7M USD Add-on Acquisition
Red Deer, Alberta · www.deltarentalservices.com
High Arctic Energy Services, Inc. - Well Servicing Business and Associated Rentals Assets 2022-07-18 38M USD Divestiture
Calgary, Alberta
Optimal Pressure Drilling Services, Inc. 2007-10-29 - Joint Venture
Calgary, Canada
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 7M (100%) 1 (100%) 38M (100%)
Total 2 $7M 1 $38M

By Geo

State/Country Buy Value Sell Value
Canada 2 7M 1 38M
  Alberta 1 7M 1 38M
Total 2 $7M 1 $38M

Deal Values

buy # Total
< $100M 1 $7M
TOTAL $7M
Largest Delta Rental Services Ltd.
$7M (2023-12-28)
sell # Total
< $100M 1 $38M
TOTAL $38M
Largest High Arctic Energy Services, Inc. - Well Servicing Business and Associated Rentals Assets
$38M (2022-07-18)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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