Merger • Energy Services and Equipment

Teine Energy Acquires Marble Point Energy

On June 3, 2010, Teine Energy acquired energy services and equipment company Marble Point Energy from Crown Capital Partners

Acquisition Context
  • This is Teine Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Teine Energy’s 1st transaction in Canada.
  • This is Teine Energy’s 1st transaction in Alberta.

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M&A Deal Summary

Date June 3, 2010
Target Marble Point Energy
Sector Energy Services and Equipment
Buyer(s) Teine Energy
Sellers(s) Crown Capital Partners
Deal Type Merger

Target Company

Marble Point Energy

Calgary, Alberta, Canada
Marble Point Energy Ltd is engaged into evaluation, acquisition, exploration and development of oil and gas properties and owns Viking natural gas field nearby East Dodsland.
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Buyer Overview 1

Buyer

Teine Energy

Calgary, Alberta, Canada

Category Company
Founded 2005
Sector Energy Services and Equipment
DESCRIPTION

Teine Energy Ltd. engages in acquiring and developing oil and gas assets.


Deal Context for Buyer #
Overall 1 of 1
Sector: Energy Services and Equipment 1 of 1
Type: Merger 1 of 1
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2010 1 of 1

Seller Profile 1

SELLER

Crown Capital Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Lender
Founded 2000
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Crown Capital Partners, Inc. is a Canadian investment manager that provides alternative debt financing for private equity backed and non-sponsored middle market transactions. The Firm typically invests $5 to $25 million in the form of subordinated debt and bridge loans to support acquisitions, management buy-outs, growth financings and recapitalizations. Crown Capital Partners was founded in 2000 and is based in Toronto with an additional office in Calgary.


Deal Context for Seller #
Overall 4 of 15
Sector: Energy Services and Equipment 3 of 4
Type: Merger 1 of 2
State: Alberta 3 of 5
Country: Canada 4 of 13
Year: 2010 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 WellPoint Systems

Denver, Colorado, United States

WellPoint Systems is the industry leading supplier of solutions for managing accounting, land, production, marketing and venture management challenges for Oil and Gas companies. WellPoint oil-gas upstream solutions enable our clients operate their businesses more effectively while maximizing profit opportunities. on May 2, 2011 – P2 Energy Solutions has completed the asset acquisition of Canada-based WellPoint Systems Inc., form Bankruptcy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Rockford

Hillsboro, Oregon, United States

Rockford Corporation is a well-known medium and large diameter gas pipeline contractor with operations in California and Washington. In addition to pipeline construction the company is involved in pipeline maintenance, directional drilling, and facilities construction.

Sell -