M&A Deal Summary

Siem Offshore Acquires Secunda Canada

On May 18, 2016, Siem Offshore acquired oil/gas exploration company Secunda Canada from Birch Hill Equity Partners

Acquisition Highlights
  • This is Siem Offshore’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Siem Offshore’s 1st transaction in Canada.
  • This is Siem Offshore’s 1st transaction in Newfoundland.

M&A Deal Summary
Date 2016-05-18
Target Secunda Canada
Sector Oil/Gas Exploration
Buyer(s) Siem Offshore
Sellers(s) Birch Hill Equity Partners
Deal Type Add-on Acquisition

Target

Secunda Canada

St. John's, Newfoundland, Canada
Secunda Canada LP (Secunda) manages a technologically advanced fleet of offshore support vessels servicing major and national oil and gas companies worldwide. Secunda, founded in Nova Scotia, has a fleet of 8 vessels utilizing highly experienced sailors, a maritime work ethic, and a philosophy of providing superior service to customers.

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Buyer(S) 1

Buyer

Siem Offshore

Kristiansand, Norway
Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

Siem Offshore, Inc. is an operator of modern support vessels for the global oil and gas service industry. The company operates all over the world and provides a wide range of services from its vessels, equipment, and experienced onshore and offshore personnel. Siem Offshore was formed in 2005 and is based in Kristiansand, Norway.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Newfoundland) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1

Seller(S) 1

SELLER

Birch Hill Equity Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 5.0B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Birch Hill Equity Partners is a middle-market private equity firm focused on investments in Canadian companies. Birch Hill targets growth oriented businesses valued between C$50 and C$1000 million. Sectors of interest include agriculture, communications, energy, environmental, entertainment, distribution, healthcare, manufacturing, software, and technology. Birch Hill will not consider investments in real estate, pure commodity companies or start ups. Birch Hill Equity Partners was formed in 1994 and is based in Toronto, Canada.

DEAL STATS #
Overall 27 of 37
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 12 of 17
State (Newfoundland) 1 of 1
Country (Canada) 23 of 30
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-15 Citron Hygiene

Markham, Ontario, Canada

Citron Hygiene is a provider of commercial washroom & foodservice hygiene, pest control solutions, warewash & chemical solutions and a broad range of other facility-based products & services. Citron Hygiene was established in 1974 and is headquartered in Markham, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 TSC Stores

London, Ontario, Canada

TSC Stores L.P. is a specialty retailer of hardware, farm supplies, and animal products focused on rural and small-town markets throughout southern Ontario. TSC Stores was formed in 1966 and is based in London, Ontario.

Sell -
Mergr

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