M&A Deal Summary |
|
|---|---|
| Date | 2021-11-30 |
| Target | Caltex Resources |
| Sector | Oil/Gas Exploration |
| Buyer(s) |
Natural Gas Partners
Strathcona Resources |
| Sellers(s) | PFM Capital |
| Deal Type | Add-on Acquisition |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Focused |
Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.
| DEAL STATS | # |
|---|---|
| Overall | 63 of 63 |
| Sector (Oil/Gas Exploration) | 41 of 41 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Alberta) | 6 of 6 |
| Country (Canada) | 6 of 6 |
| Year (2021) | 7 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-21 |
Via Separations
Watertown, Massachusetts, United States Via Separations take a materials approach to the world's wasted energy. Via eliminates energy use in industrial processes, enabling pathways for a more sustainable, resource-efficient future. With its core filtration technology, Via can slash the energy used in separation processes by 90%. Via Separations is based in Watertown, Massachusetts. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-31 |
Infinity Natural Resources
Morgantown, West Virginia, United States Infinity is a growth-oriented, free-cash-flow generating, independent energy company focused on the acquisition, development, and production of hydrocarbons in the Appalachian Basin. The company's operations are focused on the volatile oil window of the Utica Shale in eastern Ohio as well as its stacked dry gas assets in both the Marcellus and Utica Shales in southwestern Pennsylvania. Infinity Natural Resources is based in Morgantown, West Virginia. |
Sell | - |
Strathcona Resources is a private-equity-owned energy company in North America and a consolidator and developer of top decile oil and gas assets. The company is focused on thermal oil, enhanced oil recovery, and condensate-rich Montney. Its operations are located in the Cold Lake oil sands region of Alberta, the heavy oil region of SW Saskatchewan, and the Montney basin spanning west-central Alberta and NE British Columbia. Current production at these operations totals 75,000–80,000 barrels of oil equivalent per day, weighted 75% to liquids and an industry-leading Proven Reserve Life Index given the long-life nature of our assets. Strathcona Resources is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Oil/Gas Exploration) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Alberta) | 1 of 2 |
| Country (Canada) | 1 of 2 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
Pipestone
Calgary, Alberta, Canada Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate-rich Montney asset base in the Pipestone area near Grande Prairie. Pipestone is based in Calgary, Alberta. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 1.1B CAD |
| Size | Middle-Market |
| Type | Sector Agnostic |
PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 9 |
| Sector (Oil/Gas Exploration) | 6 of 6 |
| Type (Add-on Acquisition) | 6 of 7 |
| State (Alberta) | 5 of 5 |
| Country (Canada) | 8 of 9 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-08 |
Bone & Biscuit
Kelowna, British Columbia, Canada Bone & Biscuit is a pet retail franchise that offers a range of food and products including high quality raw, dry and canned foods, an abundant selection of natural treats, homeopathic supplements, unique artisan baked goods, clothing and a comprehensive range of toys and general care items for everyday use. Bone & Biscuit was founded in 2008 and is based in Kelowna, British Columbia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-12-01 |
Cubbi
Saskatoon, Saskatchewan, Canada Cubbi is a food service platform that offers affordable, high-quality food services for businesses in Canada. Cubbi is based in Saskatoon, Saskatchewan. |
Buy | - |
