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1947 Oil & Gas acquires Renaissance Offshore assets

PRIVATEAug 05, 20264 days ago

Acquiring Company

1947 Oil & Gas

Acquired Company

Renaissance Offshore

Greater LondonEnergyOil And GasOil And Gas

Description

1947 Oil & Gas is set to acquire Renaissance Offshore, raising £50 million for the purchase. The deal will provide immediate producing assets and cash flows. The acquisition is part of a strategy to exploit undervalued shallow-water oil and gas reserves. The company plans to further grow through additional acquisitions.

Company Information

Company

1947 Oil & Gas

Location

Greater London, England, United Kingdom

About

1947 Oil & Gas is focused on oil and gas production. The company is preparing to join the AIM market to fund acquisitions. It aims to develop shallow-water assets in the Gulf of Mexico. The company is led by experienced executives from the oil sector.

Predictive Intelligence
Strategic

ML-powered predictions for 1947 Oil & Gas's next move

Learn about Strategic plan

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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