M&A Deal Summary

Pearl Energy Investments Acquires Covee Energy

On January 1, 2025, private equity firm Pearl Energy Investments acquired oil/gas exploration company Covee Energy

Acquisition Highlights
  • This is Pearl Energy Investments’ 9th transaction in the Oil/Gas Exploration sector.
  • This is Pearl Energy Investments’ 1st transaction in Canada.
  • This is Pearl Energy Investments’ 1st transaction in Alberta.

M&A Deal Summary

Date 2025-01-01
Target Covee Energy
Sector Oil/Gas Exploration
Buyer(s) Pearl Energy Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Covee Energy

Calgary, Alberta, Canada
Covee Energy is a company focused on acquiring and developing oil and natural gas assets in the Western Canadian Sedimentary Basin. Covee Energy is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Pearl Energy Investments

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Pearl Energy Investments is a private investment firm focused on the energy sector. Pearl looks to commit $50 to $150 million in partnership with management teams to invest in the lower-to-middle market North American upstream, midstream, and oilfield services sectors. Pearl Energy Investments was established in 2015 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 11 of 14
Sector: Oil/Gas Exploration M&A 9 of 12
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 4
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2025 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-25 Voyager Midstream

Houston, Texas, United States

Voyager Midstream is an independent midstream energy company focused on acquiring, developing, and operating gathering, processing, and liquids-fractionation assets across North America, with an early emphasis in the Haynesville region of East Texas and Louisiana. Voyager Midstream was founded in 2023 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Wild Basin Energy

Austin, Texas, United States

Wild Basin is a mineral and royalty acquisition company focused on acquiring minerals and royalties primarily in the Haynesville Basin in East Texas and Louisiana. Wild Basin Energy is based in Austin, Texas.

Buy -