M&A Deal Summary

Trican Well Service Acquires Canyon Services Group

On March 22, 2017, Trican Well Service acquired energy services and equipment company Canyon Services Group for 637M USD

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

M&A Deal Summary
Date 2017-03-22
Target Canyon Services Group
Sector Energy Services and Equipment
Buyer(s) Trican Well Service
Deal Type Add-on Acquisition
Deal Value 637M USD
Advisor(s) Peters & Co. Ltd. (Financial)
Burnet, Duckworth & Palmer (Legal)

Target

Canyon Services Group

Calgary, Alberta, Canada
Canyon Services Group Inc. is a Calgary based publicly traded company that provides fracturing and well stimulation services. Canyon Services Group was founded in 1979 and is based in Calgary, Alberta.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Trican Well Service

Calgary, Alberta, Canada
Category Company
Founded 1979
Sector Energy Services and Equipment
Employees1,195
Revenue 973M CAD (2023)
DESCRIPTION

Trican Well Service is a provider of specialized products, equipment and services that are used during the exploration and development of oil and gas reserves. Trican Well Service was founded in 1979 and is based in Calgary, Canada.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 Trican Well Service - Completion Tools Business

Calgary, Alberta, Canada

Trican Well Service Ltd. - Completion Tools Business design and sells range of innovative and patented downhole tools for multi-stage fracturing and multi-zone completions in North America and select international markets.

Sell CA$54M
Mergr

Product

Company

Legal