M&A Deal Summary

Spartan Delta Acquires Bellatrix

On June 1, 2020, Spartan Delta acquired oil/gas exploration company Bellatrix for 88M USD

Acquisition Highlights
  • This is Spartan Delta’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Spartan Delta’s 2nd largest (disclosed) transaction.
  • This is Spartan Delta’s 1st transaction in Canada.
  • This is Spartan Delta’s 1st transaction in Alberta.

M&A Deal Summary
Date 2020-06-01
Target Bellatrix
Sector Oil/Gas Exploration
Buyer(s) Spartan Delta
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

Bellatrix

Calgary, Alberta, Canada
Bellatrix is an intermediate, exploration and production company based in Calgary, Alberta, Canada.

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Buyer(S) 1

Buyer

Spartan Delta

Calgary, Alberta, Canada
Category Company
Founded 2006
Sector Oil/Gas Exploration
Revenue 662M CAD (2023)
DESCRIPTION

Spartan Delta engages in the exploration, development, and production of petroleum and natural gas properties in Western Canada. Spartan Delta was founded in 2006 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Velvet Energy

Calgary, Alberta, Canada

Velvet Energy is an exploration and production company focused on acquiring, exploring for and developing oil and liquids-rich natural gas assets in the Western Canadian Sedimentary Basin. Velvet Energy was founded in 2011 and is based in Calgary, Alberta.

Buy CA$743M
Mergr

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