M&A Deal Summary

Perpetual Energy Acquires Profound Energy

On July 1, 2010, Perpetual Energy acquired oil/gas exploration company Profound Energy for 110M USD

Acquisition Highlights
  • This is Perpetual Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Perpetual Energy’s largest (disclosed) transaction.
  • This is Perpetual Energy’s 1st transaction in Canada.
  • This is Perpetual Energy’s 1st transaction in Alberta.

M&A Deal Summary
Date 2010-07-01
Target Profound Energy
Sector Oil/Gas Exploration
Buyer(s) Perpetual Energy
Deal Type Add-on Acquisition
Deal Value 110M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Profound Energy

Calgary, Alberta, Canada
Profound Energy, Inc. is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

Perpetual Energy

Calgary, Alberta, Canada
Category Company
Founded 2010
Sector Oil/Gas Exploration
Employees46
Revenue 63M CAD (2023)
DESCRIPTION

Perpetual Energy is a Canadian energy company focused on long-term value creation through oil and gas based exploration, development, production and marketing. Perpetual has built a spectrum of resource-style opportunities spanning heavy oil, liquids-rich natural gas and bitumen. Perpetual Energy was founded in 2010 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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