M&A Deal Summary

Flint Energy Services Acquires Carson Energy Services

On October 3, 2011, Flint Energy Services acquired energy services and equipment company Carson Energy Services for 165M USD

Acquisition Highlights
  • This is Flint Energy Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Flint Energy Services’ largest (disclosed) transaction.
  • This is Flint Energy Services’ 2nd transaction in Canada.
  • This is Flint Energy Services’ 1st transaction in Saskatchewan.

M&A Deal Summary

Date 2011-10-03
Target Carson Energy Services
Sector Energy Services and Equipment
Buyer(s) Flint Energy Services
Deal Type Add-on Acquisition
Deal Value 165M USD
Advisor(s) Sequeira Partners, Inc. (Financial)

Target

Carson Energy Services

Lampman, Saskatchewan, Canada
Carson Energy Services Ltd. pipeline construction, fabrication, facility construction, maintenance, and horizontal directional drilling.

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Buyer(S) 1

Buyer

Flint Energy Services

Calgary, Alberta, Canada

Category Company
Founded 1998
Sector Energy Services and Equipment
Employees10,000
DESCRIPTION

Flint Energy Services Ltd., providing an expanding range of integrated products and services for the energy industry including production services; field construction; oilfield transportation; process equipment design and manufacturing; tubular management services; and plant management and maintenance services. Flint provides this unique breadth of products and services through over 60 strategic locations in the oil and gas producing areas of western North America, from Inuvik in the Northwest Territories to Mission, Texas on the Mexican border. Flint is a preferred provider of infrastructure construction management, module fabrication, and maintenance services for upgrading and production facilities in Alberta's oil sands sector.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Saskatchewan) 1 of 1
Country (Canada) 2 of 2
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-04 IPEC

Calgary, Alberta, Canada

IPEC was an energy service company active in pipeline and oil field construction and petroleum equipment and services. It implemented a growth strategy based on acquisition, consolidation and integration of complementary businesses.

Buy -