Share
THE SITUATION
- Stax was hired by a PE Client to assess its investment consideration in a firm specializing in chemicals, lubricants and packaging solutions for the Oil & Gas industry.
- As part of a broader diligence, we sought to inform our Client on the positioning and growth opportunity of the Target within the Canadian Oil & Gas (O&G) industry and evaluate market dynamics and growth outlook.
THE ASSIGNMENT
- Leveraged primary research across the Target’s key end-markets and regions along with an in-depth analysis of secondary research and company data to compile a comprehensive fact base.
- Analyzed macro trends and demand drivers, prices, Target revenue, and production particulars and provided insight into the Target’s positioning and growth opportunity within Oil & Gas.
THE BENEFITS
- Stax concluded a positive outlook for the Target in the Canadian O&G sector and presented the client with several insights to validate their investment consideration.
THE FINDING
- We found that while the Canadian O&G industry was historically more stable than the US, recent price drops and macro economic instability had restricted O&G production to primarily large scale producers within Western Canada.
- While market outlook uncertainty may have caused a slight dip in the Target’s performance, the Company’s stable sales growth, and relatively low correlation to O&G turbulence over time, indicated a muted effect to industry trends and price volatility.
- Furthermore, the Target had a defendable market position in regions where Canadian O&G activity was strongest, indicating favorable investment outcomes.
Read More
Grant Thornton Stax supported event and live experience provider, Czarnowski, on its recent acquisition by Platinum Equity. Read more about the deal here.
The Mispricing of ESG: A Capital Markets POV on Sustainability, Value Creation, and Competitive Edge
Clearwater’s Joanna Daley and Grant Thornton Stax’s Anuj A. Shah unpack ESG’s financial relevance and the opportunities available to capital markets.
Grant Thornton Stax supported Gauge Capital on its recent strategic growth investment in Ecosystems, a category-defining SaaS platform for CVM. Read more about the deal.
As PE enters 2026, buyer behavior is shifting. Learn what investors are selecting for, how growth is underwritten, and which sectors are attracting capital.
Grant Thornton Stax supported Ares and its portfolio company, AIR, on its recent acquisition of KAON Automation, an Ireland-based industrial automation company. Read more here.
Grant Thornton Stax Partner and ESG practice leader, Anuj A. Shah, shares the top 10 ESG trends to watch for 2026. Click to read more.