Prospera Energy Inc. Closes Petrolia Acquisitions

Sep 21, 2022•about 3 years ago

Acquiring Company

Prospera

Acquired Company

Petrolia

CalgaryNatural ResourcesEnergy

Description

Prospera Energy Inc. (PEI): TSX: PEI-V; OTC (USA): GXRFF; FRA (Germany): OF6A

Company Information

Company

Prospera

Location

Calgary, Alberta, Canada

About

Prospera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada. Prospera will use its experience to develop, acquire and drill assets with potential for primary and secondary recovery.

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

Prospera Energy Inc. Closes Petrolia Acquisitions

Description

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M&A Insights

Company Information