Add-on Acquisition • Energy Services and Equipment

Trican Well Service Acquires Iron Horse

On July 3, 2025, Trican Well Service acquired energy services and equipment company Iron Horse for 77M USD

Acquisition Context
  • This is Trican Well Service’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Trican Well Service’s 2nd largest (disclosed) transaction.
  • This is Trican Well Service’s 2nd transaction in Canada.
  • This is Trican Well Service’s 2nd transaction in Alberta.

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M&A Deal Summary

Date July 3, 2025
Target Iron Horse
Sector Energy Services and Equipment
Buyer(s) Trican Well Service
Deal Type Add-on Acquisition
Deal Value 77M USD
Advisor(s) Peters & Co. (Financial)
Torys (Legal)

Target Company

Iron Horse

Redcliff, Alberta, Canada
Iron Horse is an energy services company specializing in fracture stimulation for gas wells, including coalbed methane and other types of wells. Iron Horse was formed in 2004 and is based in Redcliff, Alberta.
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Buyer Overview 1

Buyer

Trican Well Service

Calgary, Alberta, Canada

Category Company
Founded 1979
Sector Energy Services and Equipment
Employees1,200
Revenue 980M CAD (2024)
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, Alberta.


Deal Context for Buyer #
Overall 3 of 3
Sector: Energy Services and Equipment 2 of 2
Type: Add-on Acquisition 3 of 3
State: Alberta 2 of 2
Country: Canada 2 of 2
Year: 2025 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-22 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.

Buy $637M