Trican Well Service C$637 million acquisition of Canyon Services Group

Overview:

• Trican Well Service has acquired Canyon Services Group for C$637 million.
• Trican provides equipment used for exploration and development of oil and gas reserves.
• Canyon provides hydraulic fracturing and other well-stimulation services. 
• After the deal announcement, Trican's shares dropped 8% to $3.6 each, Canyon shares jumped 19% which equals an 32% premium on the company's stock.
• RBC Capital Markets and Scotiabank advised Trican.
• Peters & Co was Canyon's financial adviser. 

Katrin Kostadinova - Data analyst