Suncor Mergers and Acquisitions Summary

Energy Services And EquipmentCompany

Suncor has acquired 2 companies, including 1 in the last 5 years. It has also divested 4 assets.

Suncor’s largest acquisition to date was in 2016, when it acquired Canadian Oil Sands for $6.6B. It’s largest disclosed sale occurred in 2016, when it sold Suncor Energy - Petro-Canada Lubricants Business to HF Sinclair for $855M. The Company’s most targeted sectors include energy services and equipment (100%).

Join Mergr and gain access to Suncor’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the energy services and equipment sector.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity2
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Suncor

Suncor Energy, Inc.

150 - 6th Avenue SW Box 2844,
Calgary, Alberta T2P 3E3
Canada,
(403) 296-8000
www.suncor.com

Suncor is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the petro-canada brand. Suncor was founded in 1917 and is based in Calgary, Canada.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.2/yr) # 1 - - - 1 - 2
vol $6.6B $6.6B
Sell (0.2/yr) # 3 - - - - 1 4
vol $2.0B $2.0B
  6

Most Recent M&A

Company Date Value Type
Suncor Energy Norge AS 2022-08-05 - Divestiture
Stavanger, Norway
Svante, Inc. 2021-03-18 - Stake Purchase
Burnaby, British Columbia · www.svanteinc.com
Suncor Energy - Petro-Canada Lubricants Business 2016-10-31 855M CAD Divestiture
Mississauga, Ontario
Canadian Oil Sands Ltd. 2016-01-18 6.6B USD Add-on Acquisition
Calgary, Alberta · www.cdnoilsands.com
CQ Energy Canada Partnership 2013-04-15 760M CAD Divestiture
, Canada
Suncor Energy - Trinidad and Tobago Portfolio of Gas Assets 2010-02-25 380M USD Divestiture
, Trinidad and Tobago
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment 2 (100%) 6.6B (100%) 1 (25%) -
Oil/Gas Exploration - - 3 (75%) 2.0B (100%)
Total 2 $6.6B 4 $2.0B

By Geo

State/Country Buy Value Sell Value
Canada 2 6.6B 2 1.6B
  British Columbia 1 - - -
  Alberta 1 6.6B - -
  Ontario - - 1 855M
Norway - - 1 -
Trinidad and Tobago - - 1 380M
Domestic 2 (100%) 6.6B (100%) 2 (50%) 1.6B (81%)
Cross-border - - 2 (50%) 380M (19%)
Total 2 $6.6B 4 $2.0B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
1
Legal Deals
Sullivan & Cromwell LLP
1
Blake, Cassels & Graydon LLP
1

Deal Values

buy # Total
> $1B 1 $6.6B
TOTAL $6.6B
Largest Canadian Oil Sands Ltd.
$6.6B (2016-01-18)
sell # Total
$100M to $1B 3 $2.0B
TOTAL $2.0B
Largest Suncor Energy - Petro-Canada Lubricants Business
$855M (2016-10-31)

M&A Connections

Deals
Divested to
Strategic(s)
100%
4 (100%)

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