Acquisition Strengthens ARM’s Presence and Capabilities in Canada
HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–ARM Energy Holdings, LLC (“ARM”), a premier producer services firm providing innovative solutions across the energy value chain, today announced that it has acquired Boomerang Energy Marketing (“Boomerang”), a Calgary-based energy marketing firm. Boomerang provides oil, natural gas, NGL, sulphur and electricity marketing and trading expertise to energy companies. Led by founders Jeff Smith and Stephen Frank, Boomerang will become an affiliate of ARM Energy Canada.
Since its founding in 2001, Boomerang has grown to become one of Canada’s largest physical marketing advisors. Boomerang’s experienced team, who joined ARM through the acquisition, have decades of experience in oil, gas, NGL, sulphur and electricity marketing. ARM launched its Canadian business in 2014 and the Boomerang acquisition significantly expands its service offering. The acquisition increases ARM’s physical North American footprint by roughly 25%, increasing its natural gas volumes over 4 bcf/day and liquids to just under 400,000 barrels/day.
Zach Lee, Chief Executive Officer of ARM, said, “Throughout its 20-year history, Boomerang has established itself as a trusted partner providing expertise, service and excellent returns for its clients. Boomerang is a natural expansion of our Canadian business with accretive physical, financial and strategic capabilities that allow our combined team to provide enhanced services to our clients with Canadian operations. We’re pleased to welcome Boomerang’s customers and highly talented team to ARM.”
Jeff Smith and Stephen Frank, Principals and Co-Founders of Boomerang, said, “We are thrilled to become a part of the ARM family. This combination will enable us to provide broader capabilities for our clients and drive our next chapter of growth. We look forward to leveraging the ARM team’s expertise in creating innovative, value-creating solutions to enhance the service to our clients across the Canadian upstream industry.”
About ARM Energy Holdings, LLC
Headquartered in Houston, with offices in Calgary and Denver, ARM Energy Holdings, LLC is a premier producer services firm, active in every sector of the energy value chain across all major North American oil and gas basins. Its integrated, diversified portfolio includes Asset Risk Management, LLC, providing risk management and hedging strategies for producers; ARM Energy Management LLC, providing physical oil and gas marketing, transportation and asset management services and trading; and ARM Midstream, LLC, providing midstream investment, infrastructure development and operations. For more information, please visit www.armenergy.com.
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Kelly Kimberly, +1 713 822 7538