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M&A Deal Summary

Catapult Energy Services Acquires Cretic Energy Services

On June 16, 2014, Catapult Energy Services acquired energy services and equipment company Cretic Energy Services

Acquisition Highlights
  • This is Catapult Energy Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Catapult Energy Services’ 1st transaction in the United States.
  • This is Catapult Energy Services’ 1st transaction in Texas.

M&A Deal Summary
Date 2014-06-16
Target Cretic Energy Services
Sector Energy Services and Equipment
Buyer(s) Catapult Energy Services
Deal Type Add-on Acquisition

Target

Cretic Energy Services

Montgomery, Texas, United States
Coiled tubing is effective in increasing reservoir performance in well completions and well intervention projects; however, many coiled tubing units are not designed to safely service the deep, horizontal wellbore market.

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Buyer(S) 1

Buyer

Catapult Energy Services

Houston, Texas, United States
Category Company
Founded 2013
Sector Energy Services and Equipment
Revenue 97M CAD (2021)
DESCRIPTION

Catapult Energy Services is an oilfield service holding company. Catapult is a business accelerator that facilitates fast-track startup of greenfield companies by leveraging technology and shared services to create value through efficiency and shared know how. Catapult Energy Services was formed in 2013 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
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