M&A Deal Summary

Condor Energies Acquires Marsa Energy

On January 7, 2016, Condor Energies acquired oil/gas exploration company Marsa Energy

Acquisition Highlights
  • This is Condor Energies’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Condor Energies’ 1st transaction in Canada.
  • This is Condor Energies’ 1st transaction in Alberta.

M&A Deal Summary

Date 2016-01-07
Target Marsa Energy
Sector Oil/Gas Exploration
Buyer(s) Condor Energies
Deal Type Add-on Acquisition
Advisor(s) Black Spruce Merchant Capital (Financial)

Target

Marsa Energy

Calgary, Alberta, Canada
Marsa Energy Inc. is an international energy company engaged in the acquisition, exploration, development and production of oil and natural gas and has a 100% working interest in four contiguous production licenses covering approximately 171 square kilometers located on the Gallipoli Peninsula in the Republic of Turkey.

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Buyer(S) 1

Buyer

Condor Energies

Calgary, Alberta, Canada

Category Company
Founded 2006
Sector Oil/Gas Exploration
Employees194
Revenue 67M CAD (2024)
DESCRIPTION

Condor Energies is an oil and gas company engaged in exploration and production activities. Condor Energies was founded in 2006 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 1 of 1