M&A Deal Summary

Marquis Alliance Energy Group Acquires New West Drilling Fluids

On January 17, 2012, Marquis Alliance Energy Group acquired energy services and equipment company New West Drilling Fluids for 3M USD

Acquisition Highlights
  • This is Marquis Alliance Energy Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Marquis Alliance Energy Group’s largest (disclosed) transaction.
  • This is Marquis Alliance Energy Group’s 1st transaction in Canada.
  • This is Marquis Alliance Energy Group’s 1st transaction in Alberta.

M&A Deal Summary

Date 2012-01-17
Target New West Drilling Fluids
Sector Energy Services and Equipment
Buyer(s) Marquis Alliance Energy Group
Deal Type Add-on Acquisition
Deal Value 3M USD

Target

New West Drilling Fluids

Calgary, Alberta, Canada
New West Drilling Fluids, Inc. is a Canadian based drilling fluids company specializing in providing drilling fluid systems and products for the heavy oil and tar sands segment. NWDF is most well known for its patented SAGD system, "BITUDRIL", the first bitumen encapsulating polymer based system on the market.

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Buyer(S) 1

Buyer

Marquis Alliance Energy Group

Calgary, Alberta, Canada

Category Company
Founded 1997
Sector Energy Services and Equipment
Employees175
DESCRIPTION

Marquis Alliance Energy Group, Inc. is in in the development and supply of drilling fluids and drilling fluid systems. Marquis Alliance focuses on providing products and systems that are designed for more complex wells, such as medium to deep wells, horizontal wells and horizontal SAGD wells.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1