M&A Deal Summary

Keane Group Acquires Trican Well Service - U.S. Assets

On January 26, 2016, Keane Group acquired energy services and equipment company Trican Well Service - U.S. Assets from Trican Well Service for 247M USD

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

M&A Deal Summary
Date 2016-01-26
Target Trican Well Service - U.S. Assets
Sector Energy Services and Equipment
Buyer(s) Keane Group
Sellers(s) Trican Well Service
Deal Type Divestiture
Deal Value 247M USD

Target

Trican Well Service - U.S. Assets

United States
Trican Well Service - U.S. Assets is a provider of equipment and services for oil and gas industry in US.

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Buyer(S) 1

Buyer

Keane Group

Houston, Texas, United States
Category Company
Founded 2011
Sector Energy Services and Equipment
DESCRIPTION

Keane Group, Inc. provides top hole drilling and hydraulic fracturing services to major operators in the Marcellus Shale basin and across the U.S. Keane Group was founded in 2011 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
Country (United States) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-18 RockPile Energy Services

Denver, Colorado, United States

RockPile Energy Services LLC is a growth oriented oil services company providing engineered completions solutions to oil and gas exploration and production companies primarily in the Williston and Permian Basins. RockPile Energy Services was founded in 2011 and is based in Denver, Colorado.

Buy $285M

Seller(S) 1

SELLER

Trican Well Service

Calgary, Alberta, Canada
Category Company
Founded 1979
Sector Energy Services and Equipment
Employees1,195
Revenue 973M CAD (2023)
DESCRIPTION

Trican Well Service is a provider of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves. Trican Well Service was founded in 1979 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-02 Liberty Pressure Pumping

Houston, Texas, United States

Liberty Pressure Pumping LP is a provider of fracturing stimulation services principally in the Barnett Shale play of North Texas, where it currently operates four crews of fracturing equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Trican Well Service - Completion Tools Business

Calgary, Alberta, Canada

Trican Well Service Ltd. - Completion Tools Business design and sells range of innovative and patented downhole tools for multi-stage fracturing and multi-zone completions in North America and select international markets.

Sell CA$54M
Mergr

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