M&A Deal Summary

Stuart Olson Acquires Tartan

On November 6, 2018, Stuart Olson acquired oil/gas exploration company Tartan from Banyan Capital Partners for 12M USD

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

M&A Deal Summary
Date 2018-11-06
Target Tartan
Sector Oil/Gas Exploration
Buyer(s) Stuart Olson
Sellers(s) Banyan Capital Partners
Deal Type Add-on Acquisition
Deal Value 12M USD

Target

Tartan

Calgary, Alberta, Canada
Tartan's principle services are plant and facility construction, pipeline construction, oilfield maintenance, fabrication and plant maintenance. Tartan was founded in 1953 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer

Stuart Olson

Calgary, Alberta, Canada
Category Company
Founded 1911
Sector Construction
Employees3,010
Revenue 929M CAD (2019)
DESCRIPTION

Stuart Olson is one of the largest and most respected construction services companies in Canada. Stuart Olson was founded in 1911 and is based in Calgary, Canada.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Broda Group

Prince Albert, Saskatchewan, Canada

Broda Group is a heavy construction company specializing in four main areas: aggregate processing, earthwork, civil construction and concrete production. Broda Group was founded in 1957 and is based in Prince Albert, Saskatchewan.

Sell $39M

Seller(S) 1

SELLER

Banyan Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.

DEAL STATS #
Overall 13 of 14
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 5 of 6
State (Alberta) 3 of 3
Country (Canada) 8 of 9
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-05 Rack Attack

Vancouver, British Columbia, Canada

Rack Attack is a retailer of automotive and home storage rack solutions. Rack Attack was founded in 1996 and is based in Vancouver, British Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 G.W. Anglin Manufacturing

Tecumseh, Ontario, Canada

G.W. Anglin Manufacturing is a diverse manufacturer of parts and aftermarket truck and van equipment. G.W. Anglin Manufacturing was founded in 1967 and is based in Tecumseh, Ontario.

Sell -
Mergr

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