M&A Deal Summary

Suncor Acquires Canadian Oil Sands

On January 18, 2016, Suncor acquired energy services and equipment company Canadian Oil Sands for 6.6B USD

Acquisition Highlights
  • This is Suncor’s 1st transaction in the Energy Services and Equipment sector.
  • This is Suncor’s largest (disclosed) transaction.
  • This is Suncor’s 1st transaction in Canada.
  • This is Suncor’s 1st transaction in Alberta.

M&A Deal Summary
Date 2016-01-18
Target Canadian Oil Sands
Sector Energy Services and Equipment
Buyer(s) Suncor
Deal Type Add-on Acquisition
Deal Value 6.6B USD
Advisor(s) RBC Capital Markets (Financial)
Osler
Norton Rose Fulbright (Legal)

Target

Canadian Oil Sands

Calgary, Alberta, Canada
Canadian Oil Sands Ltd. is an owns and operator of oil sands mining projects.

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Buyer(S) 1

Buyer

Suncor

Calgary, Alberta, Canada
Category Company
Founded 1917
Sector Energy Services and Equipment
Employees14,906
Revenue 52.2B CAD (2023)
DESCRIPTION

Suncor is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the petro-canada brand. Suncor was incorporated in 1917 and is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-15 CQ Energy Canada Partnership

Canada

CQ Energy Canada Partnership (CQE), the joint venture between Centrica plc and Qatar Petroleum International (“QPI”),

Sell CA$1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Suncor Energy - Petro-Canada Lubricants Business

Mississauga, Ontario, Canada

The Petro-Canada Lubricants plant, located in Mississauga, Ontario is the largest producer of base oils in Canada with 15,600 barrels per day of lubricant production capacity, and is the only North American producer of high margin Group III base oils. The facility is downstream integrated from base oils to finished lubricants and produces a broad spectrum of specialty lubricants and white oils which are distributed to end customers worldwide. The Petro-Canada Lubricants business will bring HollyFrontier industry leading product innovation and R&D capabilities, a global sales and distribution network and strong brand portfolio recognized globally.

Sell CA$1.1B
Mergr

Product

Company

Legal