M&A Deal Summary

High Arctic Energy Services Acquires Delta

On December 28, 2023, High Arctic Energy Services acquired energy services and equipment company Delta for 7M USD

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

M&A Deal Summary
Date 2023-12-28
Target Delta
Sector Energy Services and Equipment
Buyer(s) High Arctic Energy Services
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Delta

Red Deer, Alberta, Canada
Delta focussed on pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells, along with other well site rental equipment. It supports a range of customers including top-tier multi-national and domestic energy producers and their contractors. Delta was formed in 2016 and is based in Red Deer, Alberta.

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Buyer(S) 1

Buyer

High Arctic Energy Services

Calgary, Alberta, Canada
Category Company
Founded 1993
Sector Energy Services and Equipment
Employees202
Revenue 62M CAD (2023)
DESCRIPTION

High Arctic Energy Services through its subsidiaries, is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations. High Arctic's new underbalanced drilling technology and equipment is recognized for its ability to improve oil and gas production capabilities and is expected to develop greater acceptance in international markets. High Arctic Energy Services was incorporated in 1993 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-18 High Arctic Energy Services - Well Servicing Business and Associated Rentals Assets

Calgary, Alberta, Canada

High Arctic Energy Services' Well Servicing Business and Associated Rentals Assets provides rental assets, ancillary support equipment, inventories and spares, and six additional operating facilities in key basins.

Sell $38M
Mergr

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