Add-on Acquisition • Oil/Gas Exploration

Versa-Line Services Acquires Downton’s Wireline

On July 1, 2025, Versa-Line Services acquired oil/gas exploration company Downton’s Wireline

Acquisition Context

This is Versa-Line Services’ 1st transaction in the Oil/Gas Exploration sector.
This is Versa-Line Services’ 1st transaction in Canada.
This is Versa-Line Services’ 1st transaction in Alberta.

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M&A Deal Summary
Date	July 1, 2025
Target	Downton’s Wireline
Sector	Oil/Gas Exploration
Buyer(s)	Versa-Line Services
Deal Type	Add-on Acquisition

Target Company

Downton’s Wireline

Grande Prairie, Alberta, Canada

Downton’s Wireline provides cased‑hole wireline, slickline, swabbing, and well testing services to oil and gas operators in Western Canada. Downton’s Wireline is based in Grande Prairie, Alberta.

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Buyer Overview 1

Buyer

Versa-Line Services

Red Deer, Alberta, Canada

Category	Company
Founded	2007
Sector	Oil/Gas Exploration

DESCRIPTION

Versa-Line Services provides wireline and in?line swabbing services to the oil and gas industry. Versa-Line Services' proprietary Mast Wireline Units and Scorpion Units are designed to deliver efficient, flexible well intervention solutions. Versa-Line Services was founded in 2007 and is based in Red Deer, Alberta.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Oil/Gas Exploration	1 of 1
Type: Add-on Acquisition	1 of 1
State: Alberta	1 of 1
Country: Canada	1 of 1
Year: 2025	1 of 1

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