M&A Deal Summary

Walter Energy Acquires Western Coal ULC

On April 1, 2011, Walter Energy acquired energy services and equipment company Western Coal ULC from Second City Capital Partners

Acquisition Highlights
  • This is Walter Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Walter Energy’s 1st transaction in Canada.
  • This is Walter Energy’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2011-04-01
Target Western Coal ULC
Sector Energy Services and Equipment
Buyer(s) Walter Energy
Sellers(s) Second City Capital Partners
Deal Type Add-on Acquisition

Target

Western Coal ULC

Vancouver, British Columbia, Canada
Western is a producer of high quality metallurgical coal from mines in northeast British Columbia (Canada) and high quality metallurgical coal and compliant thermal coal from mines.

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Buyer(S) 1

Buyer

Walter Energy

Birmingham, Florida, United States
Category Company
Founded 1946
Sector Metals/Mining
Employees3,600
Revenue 1.9B USD (2013)
DESCRIPTION

Walter Energy, Inc. is a metallurgical coal producer for the global steel industry with strategic access to steel producers in Europe, Asia and South America.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-21 Millville Iron Works

Millville, New Jersey, United States

Millville Iron Works Co. is a service-oriented, industrial steel fabricating, maintenance, repairs, and construction business headquartered in Millville, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 Walter Energy - Non-Core U.S. Assets

United States

Walter Energy - Non-Core U.S. Assets includes the Gauley Eagle and Maple properties, as well as the Walter Coke facility and Taft in Alabama.

Sell -

Seller(S) 1

SELLER

Second City Capital Partners

Vancouver, British Columbia, Canada
Category Private Equity Real Estate
Founded 2011
Size Small
Type Sector Focused
DESCRIPTION

Second City Capital Partners is a Canadian investment group historically focused on small to mid-sized company investments in the US and Canada. The Firm currently targets opportunistic US and Canadian real estate assets and will consider a variety of residential and commercial properties, including semi-developed or underutilized assets. The Firm primarily targets control positions. Second City Capital Partners is based in Vancouver.

DEAL STATS #
Overall 3 of 3
Sector (Energy Services and Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (British Columbia) 2 of 2
Country (Canada) 2 of 2
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-12 Rockford

Hillsboro, Oregon, United States

Rockford Corporation is a well-known medium and large diameter gas pipeline contractor with operations in California and Washington. In addition to pipeline construction the company is involved in pipeline maintenance, directional drilling, and facilities construction.

Sell -
Mergr

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