M&A Deal Summary |
|
|---|---|
| Date | 2024-12-16 |
| Target | Lucero |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Vitesse Energy |
| Sellers(s) | First Reserve |
| Deal Type | Add-on Acquisition |
| Deal Value | 222M USD |
| Advisor(s) | RBC Capital Markets (Financial) |
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| Category | Company |
|---|---|
| Founded | 2014 |
| Sector | Renewable Energy |
| Employees | 33 |
| Revenue | 234M USD (2023) |
Vitesse Energy is focused on returning capital to stockholders through investments in non-operated and operated oil and gas wells. Vitesse Energy was founded in 2014 and is based in Greenwood Village, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2024 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 59 of 59 |
| Sector: Oil/Gas Exploration M&A | 16 of 16 |
| Type: Add-on Acquisition M&A Deals | 20 of 20 |
| State: Alberta M&A | 5 of 5 |
| Country: Canada M&A | 6 of 6 |
| Year: 2024 M&A | 5 of 5 |
| Size (of disclosed) | 15 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-23 |
IRISNDT Inspection & Engineering Services
Edmonton, Alberta, Canada IRISNDT Inspection & Engineering Services provides advanced and general non-destructive testing (NDT), inspection, engineering, heat treatment, rope access, and specialized software solutions to the refining, petrochemical, chemical, power generation, pipeline, and industrial markets. IRISNDT Inspection & Engineering Services was founded in 1953 and is based in Edmonton, Alberta. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-02 |
Island Energy
Kapolei, Hawaii, United States Island Energy is an integrated fuel logistics and infrastructure company, operating assets that support the State's energy supply chain. IES provides fuel storage, pipeline transport, and distribution services to major commercial customers, including airlines, utilities, retailers, and government customers. The Company operates a retail fuel station network, consisting of 50 Texaco service stations and convenience stores. Island Energy is based in Kapolei, Hawaii. |
Buy | - |
