The Sequeira Partners Energy and Industrial Services Quarterly M&A Review Newsletter for Q2 – BC Edition, 2015 is now available.
The trend of increasing deal volume and values is positive but it is worth noting disclosed aggregate valuations and volume are significantly lower than Q2 2014 (47 publicly disclosed transactions with an aggregate disclosed value of approximately $1.75 billion). This suggests softness in the transaction market in the second half of 2015 compared to 2014 driven primarily by the energy sector.
After a slow start to 2015, deal activity trended upward through the second quarter. Q2 2015 saw 29 publicly disclosed industrial and energy services transactions involving Western Canadian based companies with an aggregate disclosed value of approximately $974 million.
Key metrics affecting the industry including oil sands capital spending, rig utilization, and drilling rates are also presented. Download it below