M&A Deal Summary

Cardinal Acquires Venturion

On June 1, 2021, Cardinal acquired oil/gas exploration company Venturion for 48M USD

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

M&A Deal Summary
Date 2021-06-01
Target Venturion
Sector Oil/Gas Exploration
Buyer(s) Cardinal
Deal Type Add-on Acquisition
Deal Value 48M USD

Target

Venturion

Calgary, Alberta, Canada
Venturion is a private oil & energy company formed in 2012 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Cardinal

Calgary, Alberta, Canada
Category Company
Founded 2010
Sector Oil/Gas Exploration
Revenue 594M CAD (2023)
DESCRIPTION

Cardinal is a Canadian oil-focused company with operations focused on low decline light, medium, and heavy quality oil in Western Canada. The company's goals is to continually improve environmental, social, and governance profiles and operates assets in a responsible and environmentally sensitive manner. Cardinal was founded in 2010 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 (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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