M&A Deal Summary

ARC Financial Acquires Kiwetinohk

On April 1, 2021, private equity firm ARC Financial acquired energy services and equipment company Kiwetinohk

Acquisition Highlights
  • This is ARC Financial’s 3rd transaction in the Energy Services and Equipment sector.
  • This is ARC Financial’s 12th transaction in Canada.
  • This is ARC Financial’s 11th transaction in Alberta.

M&A Deal Summary
Date 2021-04-01
Target Kiwetinohk
Sector Energy Services and Equipment
Buyer(s) ARC Financial
Deal Type Going Private

Target

Kiwetinohk

Calgary, Alberta, Canada
Kiwetinohk is a private energy transition company seeking to produce clean energy by both capturing renewables and producing oil and gas and then converting gas to carbon-free forms of consumer energy: electricity and hydrogen. Kiwetinohk was established in 2018 and is headquartered in Calgary, Alberta.

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Buyer(S) 1

Buyer

ARC Financial

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 6.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

ARC Financial Corp is a specialist private equity firm that invests in Canadian energy companies. Specific areas of interest include emerging resources/drilling technologies, oil sands, and oilfield services. ARC looks to commit $25 to $100 million per transaction. Transaction types include buyouts, growth capital financings, and recapitalizations. ARC Financial Corp. was formed in 1989 and is headquartered in Calgary.

DEAL STATS #
Overall 14 of 19
Sector (Energy Services and Equipment) 3 of 5
Type (Going Private) 1 of 1
State (Alberta) 11 of 13
Country (Canada) 12 of 16
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Modern Resources

Calgary, Alberta, Canada

Modern Resources is an oil and gas company focused on the pursuit of proved reserve acquisitions. Modern Resources was founded in 2012 and is based in Calgary, Alberta.

Sell CA$144M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Tangle Creek Energy

Calgary, Alberta, Canada

Tangle Creek Energy is a private company focused on unconventional resource-based light oil development. The company uses the improved technologies to identify and develop large-scale unconventional oil and gas reservoirs. Tangle Creek Energy was founded in 2010 and is based in Calgary, Alberta.

Sell -
Mergr

Product

Company

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