M&A Deal Summary

Civeo Acquires Noralta Lodge

On November 27, 2017, Civeo acquired leisure company Noralta Lodge for 367M CAD

Acquisition Highlights
  • This is Civeo’s 1st transaction in the Leisure sector.
  • This is Civeo’s largest (disclosed) transaction.
  • This is Civeo’s 1st transaction in Canada.
  • This is Civeo’s 1st transaction in Alberta.

M&A Deal Summary
Date 2017-11-27
Target Noralta Lodge
Sector Leisure
Buyer(s) Civeo
Deal Type Add-on Acquisition
Deal Value 367M CAD
Advisor(s) Sequeira Partners, Inc. (Financial)
Dentons (Legal)

Target

Noralta Lodge

Nisku, Alberta, Canada
Noralta Lodge Ltd. is a provider of lodging accommodations on the productivity, safety, retention, and attraction of employees. Through its full service open lodge accommodations, facilities management services, and turnkey solutions, Noralta Lodge is offering unmatched hospitality wherever you work.

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Buyer(S) 1

Buyer

Civeo

Houston, Texas, United States
Category Company
Founded 1977
Sector Leisure
Employees2,600
Revenue 701M USD (2023)
DESCRIPTION

Civeo is a provider of workforce accommodations with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for housing hundreds or thousands of workers with its long-term and temporary accommodations and provides catering, facility management, water systems and logistics services. Civeo currently owns a total of 19 lodges and villages in operation in Canada and Australia, with an aggregate of more than 23,000 rooms. Civeo was founded in 1977 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal