M&A Deal Summary

SCF Partners Acquires Complete Production Services - Canadian wireline operations

On February 2, 2012, private equity firm SCF Partners acquired energy services and equipment company Complete Production Services - Canadian wireline operations from Complete Production Services for 45M USD

Acquisition Highlights
  • This is SCF Partners’ 9th transaction in the Energy Services and Equipment sector.
  • This is SCF Partners’ 2nd largest (disclosed) transaction.
  • This is SCF Partners’ 7th transaction in Canada.
  • This is SCF Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2012-02-02
Target Complete Production Services - Canadian wireline operations
Sector Energy Services and Equipment
Buyer(s) SCF Partners
Sellers(s) Complete Production Services
Deal Type Divestiture
Deal Value 45M USD

Target

Complete Production Services - Canadian wireline operations

Ontario, Canada
Complete Production Service's Canadian wireline operations provides services to develop hydrocarbon reserves for oil and gas companies.

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Buyer(S) 1

Buyer

SCF Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

SCF Partners Ltd. is a specialist private equity firm that targets investments in energy service and equipment companies with operations around the world. SCF provides both equity capital and strategic guidance over the life of the investment which typically lasts five years. The Firm's target investment size is $10 to $100 million. SCF looks to grow portfolio companies through internal growth initiatives and through acquisitions. SCF Partners was formed in 1989 and is based in Houston, Texas, with additional offices in Aberdeen, Scotland and Calgary, Alberta.


DEAL STATS #
Overall 23 of 56
Sector (Energy Services and Equipment) 9 of 21
Type (Divestiture) 1 of 10
State (Ontario) 1 of 1
Country (Canada) 7 of 10
Year (2012) 2 of 6
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Integrated Production Services

Calgary, Alberta, Canada

Integrated Production Services dba IPS Canada, formerly of Complete Production Services. IPS offers a range of evaluation, completion and intervention services from nine locations throughout Western Canada and is one of Canada’s leading providers of multistage perforating services in horizontal wells. The company designs and runs perforating systems that are conveyed on casing, electric line, jointed tubing and coiled tubing and has one of the largest inventories of pressure control equipment in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-07 Vautron

Kewdale, Australia

Vautron is a diversified oilfield and minerals services provider throughout onshore and offshore Australia, New Zealand, and Southeast Asia. The company has a longstanding reputation in Australasia and provides wireline, well testing, production, workover, surveying, and logging services for the Mining and Oil and Gas industries. Vautron was formed in 1987 and is based in Kewdale, Australia.

Buy -

Seller(S) 1

SELLER

Complete Production Services

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Complete Production Services, Inc. provides completion and production services to develop hydrocarbon reserves for oil and gas companies in North America.


DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Divestiture) 2 of 2
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-06 Premier Sea & Land Pte

Singapore

Premier Sea & Land Pte Ltd. is engaged in the business of providing oilfield equipment primarily used in drilling applications in Southeast Asia.

Sell $19M