M&A Deal Summary

OEL Projects Acquires Ammonite Corrosion Engineering

On July 2, 2014, OEL Projects acquired engineering company Ammonite Corrosion Engineering

Acquisition Highlights
  • This is OEL Projects’ 1st transaction in the Engineering sector.
  • This is OEL Projects’ 2nd transaction in Canada.
  • This is OEL Projects’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2014-07-02
Target Ammonite Corrosion Engineering
Sector Engineering
Buyer(s) OEL Projects
Deal Type Add-on Acquisition

Target

Ammonite Corrosion Engineering

Calgary, Alberta, Canada
Ammonite Corrosion Engineering, Inc. is an engineering company focused on providing comprehensive service in the field of corrosion management and integrity management to the oil and gas industry in Canada and internationally. Ammonite Corrosion Engineering was formed in 1998 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

OEL Projects

Calgary, Alberta, Canada
Category Company
Founded 1971
Sector Oil/Gas Exploration
DESCRIPTION

OEL Projects Ltd. is an engineering, procurement and project management consulting firm serving the Oil & Gas industry.

DEAL STATS #
Overall 2 of 2
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 Cormetrics

Calgary, Alberta, Canada

Cormetrics Ltd. provides research, development and consulting services to assist petroleum producing and transmission companies. Cormetrics was formed in 1977 and is based in Calgary, Alberta.

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