Default Company
Buy Side Mandate

Seeking Acquisitions of Energy Services Companies in Texas or California Providing Oil Well Stimulation, Secondary Oil Recovery, or Oilfield Environmental Services

Industry Focus Business Services, Clean Technology, Industrials, Oil & Gas, Trucking
Region United States
Size - Revenue Between $5 - $25 Million
Size - EBITDA Between $1 - $5 Million

Investor Mandate

Investor Overview

Our client, Wavefront Technology Solutions Inc. (“Wavefront”) is a world leader in injection optimization methods that improve the distribution of fluids in the ground. The Company is headquartered in Edmonton, Alberta, Canada and has clients globally. Wavefront is publicly traded on the TSX Venture Exchange under the symbol CVE: WEE.

As a leading-edge technology service provider Wavefront focuses on two primary areas to maximize oil and gas productivity with exploration and production companies (“E&P’s”):

  • Oil and gas well stimulation (revitalizing individual well productivity or fluid injection rates); and,
  • Improved or Enhanced Oil Recovery (“IOR/EOR”) by improving fluid flow through the oil reservoir.

Investment Thesis

Wavefront is seeking to acquire a complementary company that can diversify its current operations. The following related services are sought-after:

  • Well stimulation
  • Well completions
  • Drilling technology
  • Oilfield environmental services
  • Geothermal well and pipeline services
  • Oilfield chemical supply

Investment Criteria

Characteristics of ideal target acquisition are as follows:

Location - Companies servicing the Permian Basin, Los Angeles Basin or Eagle Ford Shale areas, located in Texas or California.

Size - Deal value ranging from $4 million to $10 million. Larger transactions will also be considered.

Example Services of Ideal Target Company:

  • Well stimulation including milling and fishing operations
  • High-pressure industrial cleaning
  • Chemical supply and/or chemical cleaning
  • Vacuum services
  • Water hauling services
  • Oilfield tool rental
  • Cased hole wireline and completion services

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