M&A Deal Summary

Velvet Energy Acquires Iron Bridge Resources

On September 10, 2018, Velvet Energy acquired oil/gas exploration company Iron Bridge Resources

Acquisition Highlights
  • This is Velvet Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Velvet Energy’s 2nd transaction in Canada.
  • This is Velvet Energy’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2018-09-10
Target Iron Bridge Resources
Sector Oil/Gas Exploration
Buyer(s) Velvet Energy
Deal Type Add-on Acquisition

Target

Iron Bridge Resources

Calgary, Alberta, Canada
Iron Bridge Resources, Inc. is an oil and gas company focused on growing its reserve base throughout the Western Canadian Sedimentary Basin. Iron Bridge Resources Inc. is headquartered in Calgary, Canada.

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Buyer(S) 1

Buyer

Velvet Energy

Calgary, Alberta, Canada
Category Company
Founded 2011
Sector Oil/Gas Exploration
DESCRIPTION

Velvet Energy is an exploration and production company focused on acquiring, exploring for and developing oil and liquids-rich natural gas assets in the Western Canadian Sedimentary Basin. Velvet Energy was founded in 2011 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-27 Vero Energy - Alberta Natural gas assets

Alberta, Canada

Buy $209M
Mergr

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