Great North Equipment Inc.
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Great North Equipment Inc. - overview
Established
2003
Location
Edmonton, AB, Canada
Primary Industry
Oil & Gas
About
Based in Alberta, Canada, and founded in 2003, Great North Equipment Inc. operates as a service provider of customized wellheads, proprietary completions solutions, and comprehensive field support. The company was founded by its CEO, Stephen Forberg. In July 2023, Dril-Quip acquired Great North from Industrial Growth Partners for approximately USD 80 million in cash.
As of 2023, the company has 10 locations spanning across western Canada. The company specializes in offering a range of solutions, including multi-well frac connectors, launch systems, missiles, and standard frac products. Its conventional and thermal wellhead solutions include drilling system design, valve design, field installation, maintenance procedures, hydrostatic test stations, valve repair, non-destructive testing, and a comprehensive inventory of wellhead components. The firm's comprehensive field services include wellhead installation, troubleshooting, maintenance, inspection, refurbishment, and pump jack maintenance.
Great North also boasts an in-house machine shop and engineering support for rapid product turnaround and new development.
Current Investors
Industrial Growth Partners
Primary Industry
Oil & Gas
Sub Industries
Engineering, Equipment Rental & Leasing, Facilities & Maintenance Services, Oil & Gas Equipment and Services, Industrial Machinery
Website
www.gnwf.ca
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Great North Equipment 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 | Great North Equipment Inc. | - | ||||||||
| Buyout | Completed | Great North Equipment Inc. | - |
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