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SubTerra Engineering acquires Cavern Solutions Inc.

Mar 10, 2025•4 months ago

Acquiring Company

SubTerra Engineering

Acquired Company

Cavern Solutions

CalgaryHoustonRenewable EnergyEnergyOil And GasConsulting

Description

SubTerra Engineering Corporation has announced the acquisition of Cavern Solutions Inc., enhancing its capabilities in the midstream energy sector across North America. This strategic move combines the expertise of both companies, allowing them to offer a broader range of services in underground storage and disposal. The acquisition is expected to accelerate SubTerra's expansion into new markets and reinforce its dominance in Canada and the United States.

Company Information

Company

SubTerra Engineering

Location

Calgary, Alberta, Canada

About

Subterra Engineering Corporation, headquartered in Calgary, Alberta, is a subsurface EPC firm specializing in salt cavern development, CCS, disposal and storage wells, and subsurface project management. As a leader in subsurface EPC projects in Canada, SubTerra is a trusted partner in the midstream energy sector, delivering results from concept through commissioning.

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

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