M&A Deal Summary

Crown Capital Partners Acquires The Ferus Group of Companies

On June 28, 2017, lender Crown Capital Partners acquired energy services and equipment company The Ferus Group of Companies

Acquisition Highlights
  • This is Crown Capital Partners’ 7th transaction in the Energy Services and Equipment sector.
  • This is Crown Capital Partners’ 28th transaction in Canada.
  • This is Crown Capital Partners’ 9th transaction in Alberta.

M&A Deal Summary
Date 2017-06-28
Target The Ferus Group of Companies
Sector Energy Services and Equipment
Buyer(s) Crown Capital Partners
Deal Type Recapitalization

Target

The Ferus Group of Companies

Calgary, Alberta, Canada
The Ferus Group of Companies is privately held by The Energy & Minerals Group and includes three innovative, pioneering, and adaptive businesses focused on leadership and “finding better ways” in their respective industries and markets. Ferus started as a cryogenics well site solutions company focused on helping its customers increase production, decrease costs, and decrease their environmental footprint by using CO2 and N2 in their completions operations. The Ferus Group of Companies is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.

DEAL STATS #
Overall 33 of 44
Sector (Energy Services and Equipment) 7 of 7
Type (Recapitalization) 6 of 6
State (Alberta) 9 of 11
Country (Canada) 28 of 39
Year (2017) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-02 Source Energy Services

Calgary, Alberta, Canada

Source Energy Services is a vertically integrated provider of Northern White frac sand and logistical services to the oil and natural gas producers focused in the Western Canadian Sedimentary Basin. The company's operations include a frac sand mine in Wisconsin, seven transload terminals in Canada, and one transload terminal in the United States. Source's operation is connected to the Canadian National Railway, offering access to customers operating in key areas located in Western Canada and North Dakota. Source currently supplies approximately 50% of the proppant market in Western Canada. Source Energy Services was incorporated in 1998 and is based in Calgary, Alberta.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-01 R Bee Crushing

Fort Saskatchewan, Alberta, Canada

R Bee Crushing operates a full range of mobile rock and gravel crushing activities including pit run crushing, quarry crushing, and stripping and cleaning of quarry pits. R Bee specializes in highway base aggregates, asphalt aggregates, concrete aggregates, and general crushed products. R Bee’s crushing equipment is capable of handling routine jobs of between 100,000 to 500,000 tonnes but has completed projects of up to 1.5 million tonnes. R Bee Crushing is based in Fort Saskatchewan, Alberta.

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