M&A Deal Summary

Spartan Energy Services Acquires Petrex Energy

On August 1, 2014, Spartan Energy Services acquired oil/gas exploration company Petrex Energy for 11M USD

Acquisition Highlights
  • This is Spartan Energy Services’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Spartan Energy Services’ largest (disclosed) transaction.
  • This is Spartan Energy Services’ 2nd transaction in Canada.
  • This is Spartan Energy Services’ 2nd transaction in Alberta.

M&A Deal Summary

Date 2014-08-01
Target Petrex Energy
Sector Oil/Gas Exploration
Buyer(s) Spartan Energy Services
Deal Type Add-on Acquisition
Deal Value 11M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Petrex Energy

Calgary, Alberta, Canada
Petrex Energy Ltd. i s a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

Spartan Energy Services

Lafayette, Louisiana, United States

website


Category Company
Founded 2010
Sector Energy Services and Equipment
DESCRIPTION

Spartan Energy Services is a provider of coiled tubing tools and services, fishing services, and flow control services in many of the most active domestic oil and natural gas plays in North America. Spartan Energy Services was founded in 2010 and is based in Lafayette, Louisiana.


DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2014) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 Renegade Petroleum

Calgary, Alberta, Canada

Renegade Petroleum Ltd. engages in the exploration, development, and production of oil and gas properties in Western Canada and the United States.

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