Canaccord Capital Inc. has acquired Enermarket Solutions Ltd., a Calgary-based property acquisition and divestiture advisory services firm focused on the energy sector.
Canaccord’s board of directors of approved the acquisition yesterday and, associated with the purchase of Enermarket, approved the issuance of 98,656 shares at $11.90 per share.
Enermarket will now operate as part of the Global Capital Markets group as Canaccord Enermarket.
Enermarket offers a full range of technical evaluation and marketing services for buyers and sellers of oil and gas properties. The firm’s expertise covers a complete range of asset transactions including corporate sales, sales of producing properties and joint ventures.
“This transaction demonstrates our commitment to providing superior advisory services in the energy market,” said Paul Reynolds, vice chairman, head of global capital markets at Canaccord, in a release.
Martin Peters, president of Enermarket, said, “Canaccord has one of the strongest platforms for Energy offerings in North America and Europe, and joining forces significantly enhances Enermarket’s ability to offer innovative and superior client service. The two firms share a commitment to focused, idea-driven transactions and we are looking forward to working together to create value for our clients.”
Canaccord to acquire Enermarket Solutions
Deal demonstrates firm’s continuing commitment energy sector
- By: IE Staff
- November 9, 2005 November 9, 2005
- 10:45