M&A Deal Summary

OEL Projects Acquires Cormetrics

On July 2, 2014, OEL Projects acquired energy services and equipment company Cormetrics

Acquisition Highlights
  • This is OEL Projects’ 1st transaction in the Energy Services and Equipment 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 Cormetrics
Sector Energy Services and Equipment
Buyer(s) OEL Projects
Deal Type Add-on Acquisition

Target

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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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: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: Alberta M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-02 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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