M&A Deal Summary

PFM Capital and Westcap Acquire Burgess Creek Exploration

On October 1, 2015, private equity firms PFM Capital and Westcap acquired oil/gas exploration company Burgess Creek Exploration

Acquisition Highlights
  • This is PFM Capital’s 10th and Westcap’s 1st transaction in the Oil/Gas Exploration sector.
  • This is PFM Capital’s 22nd and Westcap’s 4th transaction in Canada.
  • This is PFM Capital’s 10th and Westcap’s 1st transaction in Alberta.

M&A Deal Summary

Date 2015-10-01
Target Burgess Creek Exploration
Sector Oil/Gas Exploration
Buyer(s) PFM Capital
Westcap
Deal Type Buyout (LBO, MBO, MBI)

Target

Burgess Creek Exploration

Calgary, Alberta, Canada
Burgess Creek Exploration is engaging in oil and gas exploration and development. Burgess Creek Exploration was founded in 2015 and is based in Calgary, Alberta.

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Buyer(S) 2

Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.


DEAL STATS #
Overall 23 of 40
Sector: Oil/Gas Exploration M&A 10 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 19 of 23
State: Alberta M&A 10 of 14
Country: Canada M&A 22 of 38
Year: 2015 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-30 Legacy Oil + Gas

Calgary, Alberta, Canada

Legacy Oil + Gas, Inc. is a light oil-weighted producer with approximately 22,000 boe/d of high-netback production, of which more than 15,000 boe/d is from conventional and unconventional plays in Crescent Point’s core southeast Saskatchewan, Manitoba and North Dakota areas.

Sell CA$1.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Steel Reef

Calgary, Alberta, Canada

Steel Reef is a privately held mid-stream company targeting strategic small and mid-sized infrastructure projects focused on Western Canadian. Steel Reef was founded in 2012 and is based in Calgary, Alberta.

Buy -
Buyer
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.


DEAL STATS #
Overall 4 of 26
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 13
State: Alberta M&A 1 of 6
Country: Canada M&A 4 of 26
Year: 2015 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Warman Home Centre

West Warman, Saskatchewan, Canada

Warman Home Centre is specialised in building supply industry. Warman Home Centre has building materials including lumber, concrete, insulation, drywall, roofing and siding. Warman Home Centre was founded in 1984 and is based in West Warman, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-19 DynaIndustrial

Regina, Saskatchewan, Canada

DynaIndustrial designs, manufactures and repairs heavy industrial equipment/components primarily used by customers in the steel/pipe mill, mining and oil and gas industries. DynaIndustrial was founded in 1976 and is based in Regina, Saskatchewan.

Buy -