M&A Deal Summary

Repsol Acquires Vista Midstream Solutions

On September 3, 2003, Repsol acquired energy services and equipment company Vista Midstream Solutions from CAI Capital Partners for 130M CAD

Acquisition Highlights
  • This is Repsol’s 1st transaction in the Energy Services and Equipment sector.
  • This is Repsol’s 4th largest (disclosed) transaction.
  • This is Repsol’s 1st transaction in the United Kingdom.
  • This is Repsol’s 1st transaction in Alberta.

M&A Deal Summary

Date 2003-09-03
Target Vista Midstream Solutions
Sector Energy Services and Equipment
Buyer(s) Repsol
Sellers(s) CAI Capital Partners
Deal Type Add-on Acquisition
Deal Value 130M CAD

Target

Vista Midstream Solutions

Calgary, Alberta, United Kingdom
Vista Midstream Solutions, headquartered in Calgary, Alberta, acquired and operated assets in the midstream Canadian natural gas gathering and processing industry. Vista's focus was to build a diversified portfolio of midstream assets in the midsize market segment, which encompassed plants with processing capacities from 20 million to 100 million cubic feet a day.

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Buyer(S) 1

Buyer

Repsol

Madrid, Spain

Category Company
Founded 1927
Sector Oil/Gas Exploration
Employees24,537
Revenue 58.9B EUR (2023)
DESCRIPTION

Repsol operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.


DEAL STATS #
Overall 1 of 7
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 1 of 5
State (Alberta) 1 of 1
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
Size (of disclosed) 4 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-19 Common Resources - Eagle Ford Assets

Texas, United States

Common Resources - Eagle Ford Assets is an oil and gas exploration and production reserves.

Buy $359M

Seller(S) 1

SELLER

CAI Capital Partners

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

CAI Capital Partners is a private equity firm that targets lower middle-market, profitable companies with $3 million or more of EBITDA. CAI Capital Partners has a special interest in founder-led business services or specialty manufacturing companies. CAI Capital Partners was formed in 1989 and is based in Vancouver, British Columbia.


DEAL STATS #
Overall 5 of 22
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 4 of 14
State (Alberta) 1 of 1
Country (United Kingdom) 1 of 1
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-05-01 AeroSat

Amherst, New Hampshire, United States

AeroSat Corp. develops, produces and distributes wireless communications solutions. Created from its patented core technologies, AeroSat's product line of antennae for corporate and commercial aircraft enable the worldwide reception of television in aircraft, two-way satellite communications, and aircraft-to-aircraft communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Maxar

Westminster, Colorado, United States

Maxar is a global communications and information company providing operational solutions to commercial and government organizations worldwide. Maxar business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development. Maxar was founded in 1969 and is based in Westminster, Colorado.

Sell -