M&A Deal Summary

Lime Rock Partners Acquires Pentacor Energy

On December 1, 2023, private equity firm Lime Rock Partners acquired oil/gas exploration company Pentacor Energy

Acquisition Highlights
  • This is Lime Rock Partners’ 40th transaction in the Oil/Gas Exploration sector.
  • This is Lime Rock Partners’ 9th transaction in Canada.
  • This is Lime Rock Partners’ 8th transaction in Alberta.

M&A Deal Summary

Date 2023-12-01
Target Pentacor Energy
Sector Oil/Gas Exploration
Buyer(s) Lime Rock Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Pentacor Energy

Calgary, Alberta, Canada
Pentacor Energy is a private company focused on creating sustainable value via the acquisition, development & production of crude oil in Canada. Pentacor Energy is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


DEAL STATS #
Overall 91 of 92
Sector: Oil/Gas Exploration M&A 40 of 40
Type: Buyout (LBO, MBO, MBI) M&A Deals 57 of 58
State: Alberta M&A 8 of 8
Country: Canada M&A 9 of 9
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 TGT Diagnostics

Dubai, United Arab Emirates

TGT Diagnostics is an international provider of well and reservoir monitoring services focusing on water and hydrocarbon deposits. The company’s logging crews specialize in advanced production logging employing unique and proprietary data acquisition and interpretation technologies. TGT’s Reservoir Study Center provides consultancy to optimize reservoir development, increase ultimate recovery, and balance short-term and long-term production strategies. TGT Diagnostics was founded in 1998 and is based in Dubai, United Arab Emirates.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 CrownRock

Midland, Texas, United States

CrownRock is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. CrownRock operations are primarily focused on the development of its core Permian Basin assets. CrownRock was founded in 2007 and is based in Midland, Texas.

Sell $12.0B