M&A Deal Summary

Touchstone Acquires Petrobank Energy Resources

On March 7, 2014, Touchstone acquired oil/gas exploration company Petrobank Energy Resources for 52M USD

Acquisition Highlights
  • This is Touchstone’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Touchstone’s largest (disclosed) transaction.
  • This is Touchstone’s 1st transaction in Canada.
  • This is Touchstone’s 1st transaction in Alberta.

M&A Deal Summary
Date 2014-03-07
Target Petrobank Energy Resources
Sector Oil/Gas Exploration
Buyer(s) Touchstone
Deal Type Merger
Deal Value 52M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Petrobank Energy Resources

Calgary, Alberta, Canada
Petrobank Energy Resources Ltd. is an oil/gas exploration company. Petrobank targets on developing a solid production platform from the Bakken light oil play in the southeast Saskatchewan and exploiting a large undeveloped land base through the application of new technology to a large oil and gas resource oppurtunity.

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Buyer(S) 1

Buyer

Touchstone

Calgary, Alberta, Canada
Category Company
Founded 2012
Sector Oil/Gas Exploration
Employees92
Revenue 48M USD (2023)
DESCRIPTION

Touchstone is an oil and gas exploration, development, and production company with operations in Trinidad and Tobago, and Western Canada. Touchstone was founded in 2012 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Merger) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Primera Energy Resources

Trinidad and Tobago

Primera Energy Resources Ltd. is a provider of oil/gas exploration services in Trinidad & Tobago.

Buy $13M
Mergr

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