M&A Deal Summary

Enerflex Acquires Mesa Compression - Compression Business

On June 19, 2017, Enerflex acquired energy services and equipment company Mesa Compression - Compression Business from Mesa Compression for 106M USD

Acquisition Highlights
  • This is Enerflex’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Enerflex’s 2nd largest (disclosed) transaction.
  • This is Enerflex’s 1st transaction in the United States.
  • This is Enerflex’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2017-06-19
Target Mesa Compression - Compression Business
Sector Energy Services and Equipment
Buyer(s) Enerflex
Sellers(s) Mesa Compression
Deal Type Divestiture
Deal Value 106M USD

Target

Mesa Compression - Compression Business

Oklahoma City, Oklahoma, United States
Mesa Compression LLC - Compression Business consists of 689 compression packages totaling approximately 112,000 horsepower, running at utilization levels above 85% and having an average fleet age of approximately 7 years.

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Buyer(S) 1

Buyer

Enerflex

Calgary, Alberta, Canada
Category Company
Founded 1980
Sector Oil/Gas Exploration
Employees4,800
Revenue 2.4B CAD (2023)
DESCRIPTION

Enerflex is a globally operating company that engineers, designs, manufactures and provides after-market support for equipment, systems and turnkey facilities used to process and move natural gas from the wellhead to the pipeline. Enerflex was incorporated in 1980 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 3
Sector (Energy Services and Equipment) 2 of 3
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-23 Ensource Energy Services

Calgary, Alberta, Canada

EnSource Energy Services provided electrical, instrumentation, and control technology design systems; engineered oil and natural gas processing facilities; compression equipment; and small scale power generation facilities systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Exterran

Houston, Texas, United States

Exterran is a provider of natural gas contract compression services to customers throughout the United States. Exterran was founded in 1954 and is based in Houston, Texas.

Buy $1.5B

Seller(S) 1

SELLER

Mesa Compression

Oklahoma City, Oklahoma, United States
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Mesa Compression LLC is a provider of energy services. Mesa Compression is based in Oklahoma City, Oklahoma.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
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