M&A Deal Summary

Hawthorne Energy Acquires Tangle Creek Energy

On July 7, 2021, Hawthorne Energy acquired oil/gas exploration company Tangle Creek Energy from ARC Financial

Acquisition Highlights
  • This is Hawthorne Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Hawthorne Energy’s 1st transaction in Canada.
  • This is Hawthorne Energy’s 1st transaction in Alberta.

M&A Deal Summary

Date 2021-07-07
Target Tangle Creek Energy
Sector Oil/Gas Exploration
Buyer(s) Hawthorne Energy
Sellers(s) ARC Financial
Deal Type Add-on Acquisition

Target

Tangle Creek Energy

Calgary, Alberta, Canada
Tangle Creek Energy is a private company focused on unconventional resource-based light oil development. The company uses the improved technologies to identify and develop large-scale unconventional oil and gas reservoirs. Tangle Creek Energy was founded in 2010 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Hawthorne Energy

Calgary, Alberta, Canada

Category Company
Founded 2020
Sector Oil/Gas Exploration
DESCRIPTION

Hawthorne Energy is a privately held oil and natural gas exploration and production company focused on acquiring assets in select onshore basins in North America. Hawthorne Energy was founded in 2020 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

ARC Financial

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 6.0B CAD
Size Mega
Type Sector Focused
DESCRIPTION

ARC Financial Corp is a specialist private equity firm that invests in Canadian energy companies. Specific areas of interest include emerging resources/drilling technologies, oil sands, and oilfield services. ARC looks to commit $25 to $100 million per transaction. Transaction types include buyouts, growth capital financings, and recapitalizations. ARC Financial Corp. was formed in 1989 and is headquartered in Calgary.


DEAL STATS #
Overall 8 of 9
Sector (Oil/Gas Exploration) 6 of 6
Type (Add-on Acquisition) 6 of 7
State (Alberta) 6 of 7
Country (Canada) 6 of 7
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Kiwetinohk

Calgary, Alberta, Canada

Kiwetinohk is a private energy transition company seeking to produce clean energy by both capturing renewables and producing oil and gas and then converting gas to carbon-free forms of consumer energy: electricity and hydrogen. Kiwetinohk was established in 2018 and is headquartered in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-15 Silfab Solar

Mississauga, Ontario, Canada

Silfab Solar is involved in the design, development, and manufacture of ultra-high-efficiency, premium quality PV modules. Silfab leverages 40 years of solar experience and best-in-class technologies to produce the highest-rated solar modules from facilities in the state of Washington and Toronto, Canada. Each facility features multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing to deliver Buy American approved PV modules specifically designed for and dedicated to the North American market. Silfab Solar was formed in 2010 and is based in Mississauga, Ontario.

Buy -