M&A Deal Summary

Tier 1 Energy Solutions Acquires Avenger Oil Tools

On November 10, 2014, Tier 1 Energy Solutions acquired oil/gas exploration company Avenger Oil Tools

Acquisition Highlights
  • This is Tier 1 Energy Solutions’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Tier 1 Energy Solutions’ 1st transaction in Canada.
  • This is Tier 1 Energy Solutions’ 1st transaction in Alberta.

M&A Deal Summary
Date 2014-11-10
Target Avenger Oil Tools
Sector Oil/Gas Exploration
Buyer(s) Tier 1 Energy Solutions
Deal Type Add-on Acquisition

Target

Avenger Oil Tools

Calgary, Alberta, Canada
Avenger Oil Tools Ltd. is a Canadian owned private service company. It specialize in downhole completion tools, drilling tools and services. Our complete line of completion equipment, products and services allows us to focus on innovative and cost effective solutions for customer specific requirements .

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Buyer(S) 1

Buyer

Tier 1 Energy Solutions

Edmonton, Alberta, Canada
Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Tier 1 Energy Solutions provides a range of wireline and associated completions support services and designs and manufactures completions and production products. Tier 1 Energy Solutions was founded in 2013 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2014) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-28 Winterhawk Well Abandonment

Calgary, Alberta, Canada

Winterhawk Well Abandonment has developed a proprietary polymer-modified asphalt-mechanical well abandonment plug. This technology provides the means to simultaneously provide a high integrity seal in the wellbore and eliminate micro annular surface casing vent flow (SCVF) leakage outside of the wellbore. Winterhawk has also developed a mechanical SCVF diagnostic tool that will aid in the locating of the source outside the well casing.

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