M&A Deal Summary

Westcap Acquires Astara Energy

On January 1, 2020, private equity firm Westcap acquired oil/gas exploration company Astara Energy

Acquisition Highlights
  • This is Westcap’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Westcap’s 15th transaction in Canada.
  • This is Westcap’s 4th transaction in Alberta.

M&A Deal Summary

Date 2020-01-01
Target Astara Energy
Sector Oil/Gas Exploration
Buyer(s) Westcap
Deal Type Buyout (LBO, MBO, MBI)

Target

Astara Energy

Calgary, Alberta, Canada
Astara Energy is a junior oil and natural gas producer. Astara Energy was founded in 2014 and is based in Calgary, Alberta.

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Buyer(S) 1

Buyer
DESCRIPTION

Westcap is a private equity firm focused on small and medium-sized businesses across Western Canada. Westcap supports management buyouts and provides capital for succession and growth. The Firm invests in a broad range of industry sectors, including agriculture, healthcare, hospitality, infrastructure, IT, and business services. Westcap was founded in 2018 and is based in Saskatoon, Saskatchewan.


DEAL STATS #
Overall 15 of 26
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 13
State: Alberta M&A 4 of 6
Country: Canada M&A 15 of 26
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 Maxie s Excavating

Saskatoon, Saskatchewan, Canada

Maxie's Excavating focuses on civil earthwork construction for the public and private sectors, aggregate processing and supply, demolition, and land development. Maxie's Excavating is based in 1972 and is based in Saskatoon, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 Degelman

Regina, Saskatchewan, Canada

Degelman is specialised in design and manufacturing of equipment for the agricultural and industrial sectors. Degelman was founded in 1962 and is based in Regina, Saskatchewan.

Buy -