M&A Deal Summary

Surepoint Group Acquires Ironline Compression Services

On June 1, 2021, Surepoint Group acquired energy services and equipment company Ironline Compression Services from Ironline Compression

Acquisition Highlights
  • This is Surepoint Group’s 1st transaction in the Energy Services and Equipment sector.
  • This is Surepoint Group’s 1st transaction in Canada.
  • This is Surepoint Group’s 1st transaction in Alberta.

M&A Deal Summary
Date 2021-06-01
Target Ironline Compression Services
Sector Energy Services and Equipment
Buyer(s) Surepoint Group
Sellers(s) Ironline Compression
Deal Type Divestiture

Target

Ironline Compression Services

Nisku, Alberta, Canada
Ironline Compression is a provider of expert mechanical services and parts distribution for natural gas compression with over 75 years of experience in the Canadian energy sector. It is a major Canadian distributor of natural gas engines and compressor products, including Waukesha, Ariel, Cooper Bessemer, Superior, Gemini, Ajax, and Caterpillar.

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Buyer(S) 1

Buyer

Surepoint Group

Grand Prairie, Alberta, Canada
Category Company
Founded 2002
Sector Business Services
DESCRIPTION

Surepoint Group provides dynamic industrial instrumentation and electrical service companies in the Peace River Region of Canada, which includes northwestern Alberta and eastern British Columbia. Surepoint utilizes a vertically-integrated service and supply offering to provide value-added services and solutions primarily to customers focused on natural gas drilling and production. Surepoint Group was founded in 2002 and is based in Grand Prairie, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Energy Services and Equipment) 1 of 2
Type (Divestiture) 1 of 1
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2021) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Ironline Compression

Nisku, Alberta, Canada

Ironline Compression is a full-service natural gas compression company covering multiple locations throughout the Western Canadian Sedimentary Basin. The Company owns a fleet of compression units, services producer-owned equipment, and is a distributor of compression-related parts. Ironline Compression is based in Nisku, Alberta.

Buy -

Seller(S) 1

SELLER

Ironline Compression

Nisku, Alberta, Canada
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Ironline Compression is a full-service natural gas compression company covering multiple locations throughout the Western Canadian Sedimentary Basin. The Company owns a fleet of compression units, services producer-owned equipment, and is a distributor of compression-related parts. Ironline Compression is based in Nisku, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
Mergr

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