Add-on Acquisition • Oil/Gas Exploration

ESG Solutions Acquires Spectraseis

On December 15, 2015, ESG Solutions acquired oil/gas exploration company Spectraseis

Acquisition Context
  • This is ESG Solutions’ 1st transaction in the Oil/Gas Exploration sector.
  • This is ESG Solutions’ 1st transaction in the United States.
  • This is ESG Solutions’ 1st transaction in Texas.

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M&A Deal Summary

Date December 15, 2015
Target Spectraseis
Sector Oil/Gas Exploration
Buyer(s) ESG Solutions
Deal Type Add-on Acquisition

Target Company

Spectraseis

Houston, Texas, United States
Spectraseis, Inc. provides microseismic sensing technology for hydraulic fracture monitoring ("HFM"), stimulation evaluation and induced seismicity monitoring ("ISM"). It provides services to many of the world's leading oil and gas exploration and production firms, including a growing customer base among North American unconventional resource operators.
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Buyer Overview 1

Buyer

ESG Solutions

Kingston, Ontario, Canada

Category Company
Founded 1993
Sector Oil/Gas Exploration
DESCRIPTION

ESG Solutions provides microseismic solutions for the oil and gas, mining, and geotechnical industries. ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with hydraulic fracturing, thermal enhanced oil recovery, underground and open-pit mining, waste-water injections, natural gas storage, carbon sequestration, and geotechnical applications. ESG Solutions was founded in 1993 and is based in Kingston, Ontario.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2015 1 of 1