M&A Deal Summary

Canyon Services Group Acquires Fraction Energy Services

On June 18, 2014, Canyon Services Group acquired oil/gas exploration company Fraction Energy Services for 101M USD

Acquisition Highlights
  • This is Canyon Services Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Canyon Services Group’s largest (disclosed) transaction.
  • This is Canyon Services Group’s 1st transaction in Canada.
  • This is Canyon Services Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2014-06-18
Target Fraction Energy Services
Sector Oil/Gas Exploration
Buyer(s) Canyon Services Group
Deal Type Add-on Acquisition
Deal Value 101M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Fraction Energy Services

Calgary, Alberta, Canada
Fraction Energy Services Ltd. is a water management company in Canada, servicing the oil and gas industry in Alberta and British Columbia.

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Buyer(S) 1

Buyer

Canyon Services Group

Calgary, Alberta, Canada
Category Company
Founded 1979
Sector Energy Services and Equipment
Employees990
DESCRIPTION

Canyon Services Group Inc. is a Calgary based publicly traded company that provides fracturing and well stimulation services. Canyon Services Group was founded in 1979 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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