WEF-backed Strathcona Resources completed the acquisition of Hardisty Rail Terminal for $45m.

Synopsis

WEF-backed Strathcona Resources, a private oil and gas producer, completed the acquisition of Hardisty Rail Terminal, the largest crude-by-rail terminal in Western Canada, from USD Partners, a firm engaged in energy-related logistics assets, for $45m.

Principals

target

Hardisty Rail Terminal (hrt)

bidder

Strathcona Resources

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Market Context

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Bidder Team (1)

connor waterous

President and CFO at STRATHCONA RESOURCES LTD

Manager

bidder

Deals

£ 6.81 B

Total Value

Vendor Team (2)

kyle schornick

SVP and CFO at USD PARTNERS

Manager

vendor

Deal

£ 34 M

Total Value

jennifer waller

Senior Director, Financial Reporting and Investor Relations at USD PARTNERS

Manager

vendor

Deals

£ 117 M

Total Value

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