East Resources Inc.
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East Resources Inc. - overview
Established
1983
Location
Pittsburgh, PA, US
Primary Industry
Oil & Gas
About
East Resources Inc. operates within the natural gas industry, focusing on providing innovative exploration and production solutions to enhance resource management. Founded in 1983 and headquartered in Pittsburgh, US, East Resources Inc. is a privately-held company specializing in natural gas exploration.
The company was acquired by Royal Dutch Shell plc on May 28, 2010, for USD 4. 7 billion in cash. It has participated in two significant deals throughout its history, reflecting its impact within the energy sector. East Resources Inc.
specializes in the development and provision of innovative solutions across the natural gas sector, aiming to address critical industry challenges through advanced technologies. The company primarily caters to businesses in sectors requiring efficient resource management solutions, focusing on user-centric design and functionality to meet evolving industry demands. The revenue model for East Resources Inc. is currently undefined in publicly available information.
However, it can be inferred that the company engages in transactions through partnerships and direct B2B interactions, typical for companies in the resource management space, reflecting its commitment to delivering high-quality solutions. Following its acquisition, East Resources Inc. is expected to leverage its resources for future growth, although specific upcoming product launches have not been publicly detailed. The company may target new geographic markets as part of its strategy to expand its operational footprint in the natural gas sector, aligning with the strategic interests of Royal Dutch Shell.
The recent acquisition funding of USD 4. 7 billion will likely support these initiatives, enhancing the company’s capabilities and market reach.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production
Website
www.eastresourcesinc.com
Company Stage
Acquired
Total Amount Raised
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East Resources Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | East Resources Inc. | - | ||||||||
| Growth | Completed | East Resources Inc. | - |
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