Add-on Acquisition • Energy Services and Equipment

RBC Acquires Athena Energy Group

On April 3, 2013, RBC acquired energy services and equipment company Athena Energy Group

Acquisition Context
  • This is RBC’s 1st transaction in the Energy Services and Equipment sector.
  • This is RBC’s 2nd transaction in Canada.
  • This is RBC’s 1st transaction in Quebec.

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M&A Deal Summary

Date April 3, 2013
Target Athena Energy Group
Sector Energy Services and Equipment
Buyer(s) RBC
Deal Type Add-on Acquisition

Target Company

Athena Energy Group

St. Leonard, Quebec, Canada
Athena Energy Group is a natural gas supplier in Quebec. Its consisting of two sister companies, Athena Energy Marketing Inc. and Athena Energy Services Inc.
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Buyer Overview 1

Buyer

RBC

Toronto, Ontario, Canada

Category Company
Founded 1864
Sector Financial Services
Employees94,480
Revenue 57.5B CAD (2024)
DESCRIPTION

RBC provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC was formed in 1864 and is based in Toronto.


Deal Context for Buyer #
Overall 6 of 7
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 6 of 7
State: Quebec 1 of 1
Country: Canada 2 of 2
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-20 RBC Bank

Raleigh, North Carolina, United States

RBC Bank (USA), Inc. is a provider of financial services and advice to individuals, businesses, and public institutions in the Southeast.

Sell $3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-22 City National

Los Angeles, California, United States

City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.

Buy $5.4B