M&A Deal Summary

Vermilion Energy Acquires Westbrick Energy

On December 22, 2024, Vermilion Energy acquired oil/gas exploration company Westbrick Energy from KKR

Acquisition Highlights
  • This is Vermilion Energy’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Vermilion Energy’s 4th transaction in Canada.
  • This is Vermilion Energy’s 4th transaction in Alberta.

M&A Deal Summary

Date 2024-12-22
Target Westbrick Energy
Sector Oil/Gas Exploration
Buyer(s) Vermilion Energy
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Westbrick Energy

Calgary, Alberta, Canada
Westbrick is an oil and gas company with operations in the greater Pembina area of Alberta with over 70,000 net acres of oil and gas rights. Westbrick Energy is based in Calgary, Alberta.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Vermilion Energy

Calgary, Alberta, Canada

Category Company
Founded 1994
Sector Oil/Gas Exploration
Employees743
Revenue 2.1B CAD (2024)
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 5 of 5
Sector: Oil/Gas Exploration M&A 5 of 5
Type: Add-on Acquisition M&A Deals 4 of 4
State: Alberta M&A 4 of 4
Country: Canada M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Equinor Energy Ireland

Ireland

Equinor Energy Ireland is an integrated oil and gas company with operations worldwide.

Buy $434M

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 210 of 215
Sector: Oil/Gas Exploration M&A 5 of 5
Type: Add-on Acquisition M&A Deals 68 of 69
State: Alberta M&A 2 of 2
Country: Canada M&A 3 of 3
Year: 2024 M&A 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-19 Ivalua

Redwood City, California, United States

Ivalua is a publisher in the e-buying solutions market. The solution’s main asset is the comprehensive integration of all the 22 functional modules within a single solution which can interface with the company’s other information systems. Available in SaaS and licence mode, the software package covers most purchasing department requirements: performance management, e-sourcing, e-procurement, management of supplier relations and risks. Ivalua was founded in 2000 and is based in Redwood City, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-21 Dawsongroup

Milton Keynes, United Kingdom

Dawsongroup is an independent asset leasing platform with a robust market position, providing a diverse range of business-critical solutions for longstanding blue-chip customers. Its Smarter Asset Strategy helps businesses improve efficiency and flexibility by offering high-quality equipment without the cost of ownership. This approach enables companies to access the latest technology, scale operations, and reduce capital expenditure, allowing them to adapt quickly to market demands and focus on growth. Dawsongroup was founded in 1935 and is headquartered in Milton Keynes.

Buy -