M&A Deal Summary

Gibson Energy Acquires OMNI Energy Services

On November 1, 2012, Gibson Energy acquired energy services and equipment company OMNI Energy Services from Wellspring Capital Management for 445M USD

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

M&A Deal Summary

Date 2012-11-01
Target OMNI Energy Services
Sector Energy Services and Equipment
Buyer(s) Gibson Energy
Sellers(s) Wellspring Capital Management
Deal Type Add-on Acquisition
Deal Value 445M USD
Advisor(s) BlackArch (Financial)

Target

OMNI Energy Services

Carencro, Louisiana, United States
OMNI Energy Services Corp., headquartered in Carencro, Louisiana, offers a broad range of integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico. The Company provides its services through three business segments: Environmental Services, Seismic Services (including drilling, surveying and permitting services) and Equipment Rental.

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Buyer(S) 1

Buyer

Gibson Energy

Calgary, Alberta, Canada

Category Company
Founded 1953
Sector Energy Services and Equipment
Employees500
Revenue 11.0B CAD (2023)
DESCRIPTION

Gibsons is one of Canada's largest midstream energy companies, moving approximately 280 million barrels of energy products each year, playing a significant role in the country's oil and gas industry by linking upstream producers with downstream refiners. Gibson Energy was incorporated in 1953 and is based in Calgary, Alberta.


DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Louisiana) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-08 Palko Environmental

Calgary, Alberta, Canada

Palko Environmental Ltd. is a provides a processing and disposal of oilfield and industrial wastes through its network of waste handling and hydrocarbon recovery facilities located across Alberta and Saskatchewan.

Buy $91M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Canwest Propane

Calgary, Alberta, Canada

Canwest Propane is a propane supply and distribution franchise in Western Canada, serving a diverse customer base of oil and gas, commercial and industrial, residential and construction under the brands of Canwest and Stittco. Canwest has over 50,000 customers and has established long-term relationships with a customer base that includes international, national and large regional companies.

Sell $412M

Seller(S) 1

SELLER

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 15 of 37
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 10 of 12
State (Louisiana) 1 of 1
Country (United States) 12 of 33
Year (2012) 1 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-01 United Sporting Companies

Chapin, South Carolina, United States

United Sporting Companies is a nationwide distributor of hunting, outdoor, marine and tackle products. The Company operates through two subsidiaries, Ellett Brothers and Jerry’s Sport Center which were founded in 1933 and 1949, respectively.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Cleaver-Brooks

Thomasville, Georgia, United States

Cleaver-Brooks provides boiler room products and systems to deliver efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. It offers integrated boiler plant solutions for any size application. Cleaver-Brooks was founded in 1929 and is based in Thomasville, Georgia.

Sell -