M&A Deal Summary

Secure Energy Services Acquires XL Fluid Systems

On June 6, 2011, Secure Energy Services acquired energy services and equipment company XL Fluid Systems for 37M USD

Acquisition Highlights
  • This is Secure Energy Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Secure Energy Services’ 6th largest (disclosed) transaction.
  • This is Secure Energy Services’ 3rd transaction in Canada.
  • This is Secure Energy Services’ 3rd transaction in Alberta.

M&A Deal Summary
Date 2011-06-06
Target XL Fluid Systems
Sector Energy Services and Equipment
Buyer(s) Secure Energy Services
Deal Type Add-on Acquisition
Deal Value 37M USD

Target

XL Fluid Systems

Calgary, Alberta, Canada
XL Fluids is an energy services company that specializes in the supply and development of drilling fluids and drilling fluid systems. Company operates in Saskatchewan, Alberta, British Columbia and Manitoba. XL Fluids has a market share of approximately 25% in Saskatchewan combined with significant exposure to horizontal drilling activity associated with the Cardium, Viking, Elkton and Bluesky formations in Alberta.

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Buyer(S) 1

Buyer

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 3 of 9
Sector (Energy Services and Equipment) 2 of 7
Type (Add-on Acquisition) 2 of 7
State (Alberta) 3 of 8
Country (Canada) 3 of 8
Year (2011) 2 of 3
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-01 Marquis Alliance Energy Group

Calgary, Alberta, Canada

Marquis Alliance Energy Group, Inc. is in in the development and supply of drilling fluids and drilling fluid systems. Marquis Alliance focuses on providing products and systems that are designed for more complex wells, such as medium to deep wells, horizontal wells and horizontal SAGD wells.

Buy $131M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility

Lloydminster, Alberta, Canada

Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility comprises crude oil unload risers, tankage, two heavy oil treaters, two disposal wells, and a connected pipeline. The asset is located in Lloydminster, Canada.

Buy $18M
Mergr

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