M&A Deal Summary

CanElson Drilling Acquires Eagle Drilling Services

On January 14, 2011, CanElson Drilling acquired energy services and equipment company Eagle Drilling Services

Acquisition Highlights
  • This is CanElson Drilling’s 2nd transaction in the Energy Services and Equipment sector.
  • This is CanElson Drilling’s 2nd transaction in Canada.
  • This is CanElson Drilling’s 2nd transaction in Saskatchewan.

M&A Deal Summary
Date 2011-01-14
Target Eagle Drilling Services
Sector Energy Services and Equipment
Buyer(s) CanElson Drilling
Deal Type Add-on Acquisition
Advisor(s) Ernst & Young Capital Advisors LLC
Lightyear Capital, Inc. (Financial)

Target

Eagle Drilling Services

Carlyle, Saskatchewan, Canada
Eagle Drilling Services Ltd. ("Eagle"), a private corporation which owns 8 telescopic double drilling rigs in the Bakken area of southeast Saskatchewan.

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Buyer(S) 1

Buyer

CanElson Drilling

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees1,000
DESCRIPTION

CanElson Drilling, Inc. engages in operating a land-based contract drilling rigs in Canada, the US and Mexico for oil and natural gas exploration and development companies. CanElson also operates a compressed natural and raw gas transportation related services business.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Saskatchewan) 2 of 2
Country (Canada) 2 of 3
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-09 Totem Drilling

Carnduff, Saskatchewan, Canada

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-06 Highkelly Drilling

Calgary, Alberta, Canada

Highkelly owns and operates two new AC electric triple drilling rigs in the Montney liquids rich natural gas resource play of northeast British Columbia.

Buy $42M
Mergr

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