Description of Transaction
Sequeira Partners was engaged to assist with the sale of Canuck Completions Ltd to TMK Completions. The acquisition of Canuck Completions will assist TMK in executing their global expansion plans and increasing their presence in North America. The services to Canuck Completions consisted of valuation and pricing analysis, due diligence assistance and negotiations with TMK.
Since 2005, Canuck Completions has been providing open hole multi-stage completion solutions and technologically driven down-hole tools. The Company has been successful at providing completion solutions to match the needs of clients’ unique and challenging well conditions in order to optimize production potential.
Headquartered in Moscow, TMK is a publicly traded company on the London Stock Exchange and is a leading global manufacturer and supplier of tubular products for the energy industry. With numerous production facilities around the world, TMK has the largest global market share of OCTG products.