M&A Deal Summary

RBC Acquires Athena Energy Group

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2013-04-03
Target Athena Energy Group
Sector Energy Services and Equipment
Buyer(s) RBC
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

RBC

Toronto, Ontario, Canada
Category Company
Founded 1864
Sector Financial Services
Employees94,480
Revenue 56.3B CAD (2023)
DESCRIPTION

RBC provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC employs approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 38 other countries. RBC was formed in 1864 and is based in Toronto. RBC was founded in 1864 and is based in Toronto, Ontario.

DEAL STATS #
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
Mergr

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