M&A Deal Summary

R3 Treatment Acquires Secure Energy Services - 30 energy waste treatment and disposal facilities

On February 1, 2024, R3 Treatment acquired environmental company Secure Energy Services - 30 energy waste treatment and disposal facilities from Secure Energy Services for 1.1B CAD

Acquisition Highlights
  • This is R3 Treatment’s 3rd transaction in the Environmental sector.
  • This is R3 Treatment’s largest (disclosed) transaction.
  • This is R3 Treatment’s 1st transaction in Canada.
  • This is R3 Treatment’s 1st transaction in Alberta.

M&A Deal Summary
Date 2024-02-01
Target Secure Energy Services - 30 energy waste treatment and disposal facilities
Sector Environmental
Buyer(s) R3 Treatment
Sellers(s) Secure Energy Services
Deal Type Divestiture
Deal Value 1.1B CAD

Target

Secure Energy Services - 30 energy waste treatment and disposal facilities

Calgary, Alberta, Canada
Secure Energy Services' 30 energy waste treatment and disposal facilities include 18 treatment, recovery, and disposal facilities; six landfills; four saltwater disposal injection wells; and two disposal caverns. Secure Energy Services - 30 energy waste treatment and disposal facilities are based in Calgary, Alberta.

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Buyer(S) 1

Buyer

R3 Treatment

The Woodlands, Texas, United States
Category Company
Founded 2010
Sector Environmental
DESCRIPTION

R360 Environmental Solutions, Inc. is an environmental oilfield waste management provider. It provides non-hazardous oilfield waste treatment, recovery and disposal services in several of the most active natural resource producing areas in the United States, including the oil-rich Permian, Bakken and Eagle Ford Basins.

DEAL STATS #
Overall 5 of 5
Sector (Environmental) 3 of 3
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-31 S.A. Dunn & Company

Rensselaer, New York, United States

S.A. Dunn & Company LLC is a provider of waste landfills services.

Buy -

Seller(S) 1

SELLER

Secure Energy Services

Calgary, Alberta, Canada
Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees1,847
Revenue 8.2B CAD (2023)
DESCRIPTION

Secure Energy Services is a energy services company that focuses on providing specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin. Secure Energy Services was incorporated in 2007 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Environmental) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 Ceiba Energy

Houston, Texas, United States

Ceiba Energy seeks to acquire, build, own and operate a portfolio of high-quality power generation assets in Latin America consisting of both gas-fired and renewable projects. Ceiba is developing the Portocem LNG-to-power project in Northeast Brazil. The project is located next to an existing port and the gas-fired combined cycle power plant is licensed up to 2.2 GW. The new plant will provide reliable and firm electricity for the region. Ceiba is developing the project with Rio Energy. Ceiba Energy was founded in 2015 and is based in Houston, Texas.

Buy $37M
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