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  6. Energold Drilling Acquires Cros-Man Direct Underground

M&A Deal Summary

Energold Drilling Acquires Cros-Man Direct Underground

On March 7, 2016, Energold Drilling acquired energy services and equipment company Cros-Man Direct Underground for 4M USD

Acquisition Highlights
  • This is Energold Drilling’s 4th transaction in the Energy Services and Equipment sector.
  • This is Energold Drilling’s 2nd largest (disclosed) transaction.
  • This is Energold Drilling’s 2nd transaction in Canada.
  • This is Energold Drilling’s 1st transaction in Manitoba.

M&A Deal Summary
Date 2016-03-07
Target Cros-Man Direct Underground
Sector Energy Services and Equipment
Buyer(s) Energold Drilling
Deal Type Add-on Acquisition
Deal Value 4M USD

Target

Cros-Man Direct Underground

Reston, Manitoba, Canada
Cros-Man Direct Underground Ltd. is a horizontal directional driller servicing the telecommunications, water, sewage, hydro and oil and gas markets in central Canada. Cros-Man's primary business involves the trenchless method of installing cable and piping systems underground in a shallow arc along a predetermined path, by the use of highly specialized drilling equipment. Cros-Man has generated an increasing portion of its revenue from engineering and telecommunications drilling services and also maintains an ongoing presence in the oil and gas pipeline market in Central Canada.

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Buyer(S) 1

Buyer

Energold Drilling

Vancouver, British Columbia, Canada
Category Company
Sector Metals/Mining
DESCRIPTION

Energold Drilling Corp. is a global specialty drilling company that services the mining, energy, water, infrastructure and manufacturing sectors in approximately 25 countries. Specializing in a socially and environmentally sensitive approach to drilling, Energold provides a comprehensive range of drilling services from early stage exploration to mine site operations for all commodity sectors and has an established drill rig manufacturer.

DEAL STATS #
Overall 4 of 4
Sector: Energy Services and Equipment M&A 4 of 4
Type: Add-on Acquisition M&A Deals 4 of 4
State: Manitoba M&A 1 of 1
Country: Canada M&A 2 of 2
Year: 2016 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-25 Bertram International

Carbon, Alberta, Canada

Bertram is a diversified specialty drilling company, servicing the energy sector in Canada and the U.S. Bertram has a current inventory of 119 rigs specially designed for oil sands coring, shot hole seismic and geothermal drilling services markets. Bertram also provides diamond and pipeline drilling services.

Buy $18M
Mergr

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