M&A Deal Summary

Cenovus Energy Acquires Canexus Corp - North American Terminal Operations

On June 4, 2015, Cenovus Energy acquired oil/gas exploration company Canexus Corp - North American Terminal Operations from Canexus for 75M USD

Acquisition Highlights
  • This is Cenovus Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cenovus Energy’s largest (disclosed) transaction.
  • This is Cenovus Energy’s 1st transaction in the United States.

M&A Deal Summary
Date 2015-06-04
Target Canexus Corp - North American Terminal Operations
Sector Oil/Gas Exploration
Buyer(s) Cenovus Energy
Sellers(s) Canexus
Deal Type Divestiture
Deal Value 75M USD

Target

Canexus Corp - North American Terminal Operations

United States
Canexus Corp - North American Terminal Operations (NATO) is a crude-by-rail trans-loading facility.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Cenovus Energy

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees2,674
Revenue 13M USD (2015)
DESCRIPTION

Cenovus Energy, Inc. is an integrated oil company that is focused on its oil projects and its established natural gas and crude oil production in Alberta and Saskatchewan. The company also has ownership in two refineries located in Illinois and Texas.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-25 Husky Energy

Calgary, Alberta, Canada

Husky Energy is an integrated energy and energy-related company. Husky has two business segments - Husky Energy's Upstream unit which is involved in oil and gas exploration, and Downstream, which is its refining operations. Husky Energy was founded in 1938 and is based in Calgary, Canada.

Buy -

Seller(S) 1

SELLER

Canexus

Calgary, Alberta, Canada
Category Company
Founded 2011
Sector Chemicals
Employees423
Revenue 562M CAD (2015)
DESCRIPTION

Canexus Corporation is a chemical manufacturing and handling company serving customers for more than half a century. We pride ourselves on efficient low-cost operations, strategic growth, quality service and a commitment to Responsible Care through safe, sustainable operating practices.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal