M&A Deal Summary

CSV Midstream Solutions Acquires Kanata Energy Group

On February 14, 2023, CSV Midstream Solutions acquired energy services and equipment company Kanata Energy Group from Energy Spectrum Capital, ARC Financial and Ontario Teachers Pension Plan

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

M&A Deal Summary

Date 2023-02-14
Target Kanata Energy Group
Sector Energy Services and Equipment
Buyer(s) CSV Midstream Solutions
Sellers(s) Energy Spectrum Capital
ARC Financial
Ontario Teachers Pension Plan
Deal Type Add-on Acquisition

Target

Kanata Energy Group

Calgary, Alberta, Canada
Kanata Energy Group is a Canadian midstream company focused on acquiring, building, and developing midstream assets throughout Canada. Kanata Energy Group was formed in 2012 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

CSV Midstream Solutions

Calgary, Alberta, Canada

Category Company
Founded 2014
Sector Energy Services and Equipment
DESCRIPTION

CSV Midstream Solutions offers complete midstream solutions in natural gas and natural gas liquids (NGL) processing. CSV Midstream Solutions engineer, design, construct and operate full-service infrastructure, including sour and sweet gas processing, liquids handling and fractionation, and gas gathering and transmission pipelines. CSV Midstream Solutions primary focus is the emerging development of Western Canadian natural gas. CSV Midstream Solutions was founded in 2014 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 1

Seller(S) 3

SELLER

Energy Spectrum Capital

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Spectrum Capital is a midstream private equity firm specializing in investment in buyouts and buys and build in middle-market companies. The Firm focused exclusively on the energy industry. ESC looks to make a direct investment in established companies includes oil & gas gathering and transportation systems, processing and treating facilities, storage facilities and other infrastructure facilities. ESC targets growing businesses and seeks to partner with experienced managements teams. The Firm looks to invest $50- $200 million per transaction. Energy Spectrum Capital was formed in 1995 and is based in Dallas, Texas.


DEAL STATS #
Overall 40 of 42
Sector (Energy Services and Equipment) 28 of 28
Type (Add-on Acquisition) 20 of 21
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-01 Great Salt Plains Midstream

Oklahoma City, Oklahoma, United States

Great Salt Plains Midstream is a provider of midstream services to producers in the prolific STACK play of central Oklahoma. Great Salt Plains Midstream is based in Oklahoma City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Frontier Midstream Solutions IV

Tulsa, Oklahoma, United States

Frontier Midstream Solutions IV is a full-service midstream company focused on the development of new midstream crude oil and natural gas infrastructure in the Permian Basin and other basins throughout the lower 48 states. Frontier Midstream Solutions IV is based in Tulsa, Oklahoma.

Sell -
SELLER

ARC Financial

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 6.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

ARC Financial Corp is a specialist private equity firm that invests in Canadian energy companies. Specific areas of interest include emerging resources/drilling technologies, oil sands, and oilfield services. ARC looks to commit $25 to $100 million per transaction. Transaction types include buyouts, growth capital financings, and recapitalizations. ARC Financial Corp. was formed in 1989 and is headquartered in Calgary.


DEAL STATS #
Overall 9 of 9
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (Alberta) 7 of 7
Country (Canada) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Cygnet Energy

Calgary, Alberta, Canada

Cygnet Energy is a private company focused on capturing scalable resource opportunities in the Western Canadian Sedimentary Basin with low-cost, repeatable results capable of generating long-term free cash flow. Cygnet Energy is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-03 Gage Zero

Austin, Texas, United States

Gage Zero is a fleet electrification solutions company focused on reducing fleet operational costs along with harmful emissions from transportation. Gage Zero is based in Austin, Texas.

Buy -
SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 68 of 72
Sector (Energy Services and Equipment) 2 of 3
Type (Add-on Acquisition) 29 of 29
State (Alberta) 3 of 3
Country (Canada) 11 of 11
Year (2023) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-22 Camelot Lottery Solutions

London, United Kingdom

Camelot Lottery Solutions is a solutions and technology provider to lotteries around the world, helping customers reach new players and deliver responsible growth. Camelot Lottery Solutions is based in London, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 Sweetwater Royalties

Lakewood, Colorado, United States

Sweetwater Royalties is a base metals and industrial minerals royalty company. Sweetwater Royalties was founded in 2020 and is based in Lakewood, Colorado.

Buy -