M&A Deal Summary

Cryopeak Energy Solutions Acquires The Ferus Group of Companies

On February 5, 2024, Cryopeak Energy Solutions acquired energy services and equipment company The Ferus Group of Companies from Crown Capital Partners

Acquisition Highlights
  • This is Cryopeak Energy Solutions’ 1st transaction in the Energy Services and Equipment sector.
  • This is Cryopeak Energy Solutions’ 1st transaction in Canada.
  • This is Cryopeak Energy Solutions’ 1st transaction in Alberta.

M&A Deal Summary

Date 2024-02-05
Target The Ferus Group of Companies
Sector Energy Services and Equipment
Buyer(s) Cryopeak Energy Solutions
Sellers(s) Crown Capital Partners
Deal Type Merger

Target

The Ferus Group of Companies

Calgary, Alberta, Canada
The Ferus Group of Companies provides cryogenic fluids, natural gas fuels (LNG/CNG), and logistics solutions to the energy sector, supporting well completions, enhanced recovery, and remote power generation. The Ferus Group of Companies is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Cryopeak Energy Solutions

Richmond, British Columbia, Canada

Category Company
Founded 2012
Sector Energy Services and Equipment
DESCRIPTION

Cryopeak Energy Solutions provides liquefied natural gas (LNG) liquefaction, equipment, engineering, transportation, and distribution services to customers in Canada and Alaska. By providing equipment and services, Cryopeak enables customer conversions to lower carbon LNG from higher carbon fuels such as propane, diesel, and bunker fuel. Cryopeak Energy Solutions was founded in 2012 and is based in Richmond, British Columbia.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

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 14 of 15
Sector: Energy Services and Equipment M&A 4 of 4
Type: Merger M&A Deals 2 of 2
State: Alberta M&A 5 of 5
Country: Canada M&A 12 of 13
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 CCI Wireless

Calgary, Alberta, Canada

Corridor Communications, Inc. is an internet service provider specializing mainly in providing fixed-point wireless connections to homes in rural Alberta. Corridor Communications was founded in 20078 and is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-27 Rokstad Power

Coquitlam, British Columbia, Canada

Rokstad Power offers a full suite of power line services, including emergency and storm response, transmission and distribution line construction and maintenance, and underground cable services. Rokstad is also a specialist in live line construction methods for distribution and transmission line projects with operations throughout Canada and the United States. Rokstad Power was founded in 2008 and is based in Coquitlam, British Columbia.

Sell -