Sequeira Partners acted as exclusive financial advisor to Stonewall Energy (“Stonewall” or “the Company”) on its sale to Great North Wellhead and Frac (“Great North”).
The transaction closed in May 2021:
Description of Transaction
Sequeira Partners was engaged to assist Stonewall in identifying the best-fit partner to allow the shareholder to monetize their investment in the Company and help the business through its next phase of growth. The Sequeira team provided advisory assistance throughout the transaction including providing an initial valuation, identifying value added prospective purchasers, marketing the business, negotiating preliminary deal terms, managing the due diligence process and negotiating final transaction terms.
The acquisition of Stonewall by Great North allowed our client to monetize their investment in the business and enhances the drilling and completion offerings provided by Great North – adding the capability to perform dart and ball launching for customers’ completions.
With locations in Red Deer and Grande Prairie, Alberta, Stonewall is a prominent provider of proprietary ball and dart launching technologies, frac rental equipment and associated services. Stonewall’s patented technologies enable its Canadian and U.S. customer base to improve well completion performance in a cost-effective and environmentally-conscious manner.
Headquartered in Edmonton, Alberta, Great North Wellhead and Frac is the leading independent player within the Canadian pressure control equipment market. Great North provides a full suite of wellhead, frac completion products, and related services for blue-chip, oil and gas operators and prides itself on its breadth of products, reputation for quality and outstanding field service capabilities. Great North supports its diverse and growing customer base through a network of facilities across Western Canada.