Track Record
of Success

In January 2017, Okala Energy Services Ltd. and Whitetail Oilfield Rentals Ltd. merged to become a diversified supplier of rental equipment and communications services to the Western Canadian energy sector.

Stormont acted as the exclusive financial advisor to the major shareholder at Whitetail Oilfield Rentals:
 

• Identified suitable strategic and private equity partners
• Managed the sell-side process through a challenging M&A market
• Negotiated commercial terms
• Managed due diligence
• Closed the transaction

 
The products and services offered by both companies are complimentary and create “equipment bundling opportunities” that will help drive efficiencies for customers working throughout the drilling, production and completions sectors of the oil & gas industry.
 
This transaction provided the major shareholder of Whitetail with partial liquidity as well as a growth-oriented partner to support the company’s ambitions to further expand operations. With this merger, Okala gains a value-added service capability in wellsite communications which can be sold jointly with wellsite accommodations.
 
Learn more about this transaction here »