M&A Deal Summary

TriWest Capital Partners Acquires Prostar Energy

On October 29, 2015, private equity firm TriWest Capital Partners acquired energy services and equipment company Prostar Energy

Acquisition Highlights
  • This is TriWest Capital Partners’ 2nd transaction in the Energy Services and Equipment sector.
  • This is TriWest Capital Partners’ 37th transaction in Canada.
  • This is TriWest Capital Partners’ 20th transaction in Alberta.

M&A Deal Summary
Date 2015-10-29
Target Prostar Energy
Sector Energy Services and Equipment
Buyer(s) TriWest Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Prostar Energy

Nisku, Alberta, Canada
Prostar Energy is a provider and manufacturer of well services and "purpose built" well service equipment to the thermal heavy oil market. Prostar Energy is based in Nisku, Alberta.

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Buyer(S) 1

Buyer

TriWest Capital Partners

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1998
PE ASSETS 1.6B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

TriWest Capital Partners is a Canadian private equity firm focused on investments in established companies operating in a variety of industries. Broad areas of interest include the distribution, manufacturing, and service sectors. TriWest targets mid-sized, profitable companies with EBITDA of $10 to $100 million. Prospective transaction types include management buyouts, growth capital financings, generational transfers, corporate divestitures, and special situations. TriWest will not invest in real estate, technology and primary resource development. TriWest Capital Partners was formed in 1998 and is based in Calgary.

DEAL STATS #
Overall 37 of 53
Sector (Energy Services and Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 29 of 32
State (Alberta) 20 of 29
Country (Canada) 37 of 50
Year (2015) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Strike Group

Calgary, Alberta, Canada

Strike Group is an energy service and construction company focused on servicing energy, transmission and distribution, pipeline and industrial sectors throughout Western Canada. Strike Group provides project construction, fabrication, pipeline, and facility construction, plant and production facility maintenance and turnarounds, module assembly and installation, and electrical and instrumentation services. Strike Group was formed in 2004 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-31 Innova Global

Calgary, Alberta, Canada

Innova Global Ltd. is a provider of acoustical consulting, noise abatement technology and gas-turbine auxiliary products for power generation, oil and gas, petrochemical and other industrial sites.

Buy -
Mergr

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