Civeo Corp., a global provider of workforce accommodations, logistics and facility management services, and Noralta Lodge Ltd., an Alberta-based provider of remote accommodations in the Canadian oil sands region, entered into a definitive agreement on November 26, 2017, for Civeo to acquire 100% of the equity interests of Noralta for total consideration of approximately $367 million, on a cash-free, debt-free basis.
The transaction closed on April 2, 2018, with the consideration paid by a mix of cash and the issuance of shares in the capital of Civeo.
Gibson, Dunn & Crutcher LLP was US counsel to Civeo with a team that included Tull Florey, Louis Matthews, Evan D'Amico, Jonathan Whalen and Harrison Korn.
Dentons represented Noralta with teams in both Canada and the US. The Dentons Canada LLP team included Leanne Krawchuk, Dan Shea, Sandy Walker, Leah Tolton, Adrian Elmslie, Alex MacWilliam, Wes Fairbanks, Chetan Shory and Sarah Sobieraj. The Dentons US LLP team included Steve Berson and John Griffee. Felesky Flynn LLP was tax counsel to Noralta with a team composed of Jeremy Herbert, Mike Dolson and Jeremy Comeau.