M&A Deal Summary

Element Technical Services Acquires Essential Energy Services

On September 15, 2023, Element Technical Services acquired energy services and equipment company Essential Energy Services for 78M CAD

Acquisition Highlights
  • This is Element Technical Services’ 1st transaction in the Energy Services and Equipment sector.
  • This is Element Technical Services’ largest (disclosed) transaction.
  • This is Element Technical Services’ 1st transaction in Canada.
  • This is Element Technical Services’ 1st transaction in Alberta.

M&A Deal Summary
Date 2023-09-15
Target Essential Energy Services
Sector Energy Services and Equipment
Buyer(s) Element Technical Services
Deal Type Add-on Acquisition
Deal Value 78M CAD
Advisor(s) Peters & Co. Ltd. (Financial)
Fasken Martineau DuMoulin (Legal)

Target

Essential Energy Services

Calgary, Alberta, Canada
Essential Energy Services provides oilfield services to oil and natural gas producers, primarily in western Canada. Essential offers completion, production and wellsite restoration services to a diverse customer base. Services are offered with coiled tubing, fluid and nitrogen pumping and the sale and rental of downhole tools and equipment. Essential Energy Services is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Element Technical Services

Casper, Wyoming, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Element Technical Services is a pressure pumping services company that provides safe well fracturing services. Element Technical Services is based in Casper, Wyoming.

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
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal