Acquiring Company
Newport Capital Ltd
Acquired Company
High Arctic Overseas Holdings
CanadaCalgaryEnergyOil And GasOil And GasDescription
High Arctic Energy Services Inc. has entered into a definitive arrangement agreement to be acquired by Newport Capital Ltd. for $1.59 per share in cash, an aggregate base price of about $20.2 million. Shareholders are also expected to receive an additional cash distribution of $0.20 to $0.30 per share, depending on working capital at closing. The transaction is expected to close in December 2026 and no later than February 28, 2027.
Quick answer
Newport Capital Ltd is acquiring High Arctic Overseas Holdings, announced November 13, 2026. Newport Capital Ltd is based in Canada.
- How much did Newport Capital Ltd pay for High Arctic Overseas Holdings?
- The deal value was not disclosed.
- What does Newport Capital Ltd do?
- Newport Capital Ltd. is an investment company that has agreed to acquire all issued and outstanding common shares of High Arctic Energy Services Inc. through a go-private arrangement.
- Where are Newport Capital Ltd and High Arctic Overseas Holdings based?
- Newport Capital Ltd is based in Canada. High Arctic Overseas Holdings is based in Calgary, Alberta, Canada.
Source: Fundz verified event record.
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Frequently asked
Who acquired High Arctic Overseas Holdings?
High Arctic Overseas Holdings was acquired by Newport Capital Ltd, based in Canada. The deal was reported on November 13, 2026. Newport Capital Ltd. is an investment company that has agreed to acquire all issued and outstanding common shares of High Arctic Energy Services Inc. through a go-private arrangement. Newport Capital Ltd is privately held and operates in Energy.
When did Newport Capital Ltd acquire High Arctic Overseas Holdings?
Newport Capital Ltd's acquisition of High Arctic Overseas Holdings was reported on November 13, 2026. High Arctic Energy Services Inc. has entered into a definitive arrangement agreement to be acquired by Newport Capital Ltd. for $1.59 per share in cash, an aggregate base price of about $20.2 million. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does High Arctic Overseas Holdings do?
High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. It is privately held, operating in Oil And Gas, and is based in Calgary.
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