M&A Deal Summary

Vermilion Energy Acquires Spartan Energy

On April 16, 2018, Vermilion Energy acquired oil/gas exploration company Spartan Energy for 1.4B USD

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

M&A Deal Summary
Date 2018-04-16
Target Spartan Energy
Sector Oil/Gas Exploration
Buyer(s) Vermilion Energy
Deal Type Add-on Acquisition
Deal Value 1.4B USD

Target

Spartan Energy

Calgary, Alberta, Canada
Spartan Energy Corp. is an oil and gas company based in Calgary, Alberta. Spartan has operations in central Alberta and in southeast Saskatchewan and maintains a multi-year inventory of oil focused horizontal drilling opportunities.

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Buyer(S) 1

Buyer

Vermilion Energy

Calgary, Alberta, Canada
Category Company
Founded 1994
Sector Oil/Gas Exploration
Employees740
Revenue 2.2B CAD (2023)
DESCRIPTION

Vermilion Energy is an oil and gas producer. Vermilion adheres to a value creation strategy through the execution of full cycle exploration and production programs focused on the acquisition, exploration, development and optimization of producing properties in North America, Europe and Australia. Vermilion Energy was incorporated in 1994 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 4
Sector (Oil/Gas Exploration) 2 of 4
Type (Add-on Acquisition) 2 of 3
State (Alberta) 2 of 3
Country (Canada) 2 of 3
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 Elkhorn Resources

Calgary, Alberta, Canada

Elkhorn Resources, Inc. is a an oil and gas exploration and development company focuses on drilling wells.

Buy $427M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-28 Leucrotta Exploration

Calgary, Alberta, Canada

Leucrotta Exploration is an oil and natural gas exploration and development company. Leucrotta Exploration is based in Calgary, Alberta.

Buy $477M
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