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Clean Harbors to Acquire Destiny Resource Services - The Acquisition will Allow Clean Harbors to Supplement its Oilfield Services- Deal Analysis from GlobalData
GlobalData, July 2011, Pages: 5
Clean Harbors to Acquire Destiny Resource Services - The Acquisition will Allow Clean Harbors to Supplement its Oilfield Services- Deal Analysis from GlobalData
Summary
Clean Harbors, Inc. (Clean Harbors), a provider of environmental, energy and industrial services to various industries, entered into a definitive agreement to acquire 100% stake in Destiny Resource Services Corp. (Destiny Resource Services), a provider of seismic front-end services to conduct hydro graphic surveys in varying water bodies, from Logan International Inc. (Logan International) for a purchase consideration of CAD38m ($39.62m). Logan International is engaged in the provision of specialty down hole tool products for oilfield service companies and its subsidiaries. Peters & Co. Limited is acting as financial advisor to Logan International with respect to the transaction. The transaction is subject to customary conditions, the successful completion of due diligence reviews and certain third party consents and is expected to close in July 2011.
Scope
- Rationale behind Clean Harbors acquiring Destiny Resource Services,
- Strategic Benefit for the companies involved,
- Geography covered -Canada
Reasons to buy
- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in North American industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the Canada's oil & gas market,
- Get a detailed analysis of a deal to enable you to take better decisions.
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