421 7th Ave SW, Suite 1700, TD Canada Trust Twr, Calgary, AB
Year called to bar: 1998 (AB)
Beth Riley is widely regarded as the leading competition lawyer in Alberta. She has been instrumental in securing merger clearances for hundreds of transactions – including the most significant M&A transactions in the energy sector – in addition to advising clients in respect of conduct under the Competition Act. With extensive capital markets experience and experience as a case officer at the Competition Bureau, she is able to offer unique insight into addressing complex business issues and the needs of clients. She recently joined McMillan to be part of a team with deep competition law proficiency that values working in a collaborative environment across a truly national platform, at which time she commenced working with the Toronto and Vancouver offices on Domtar Corporation’s divestitures under a consent agreement with the Competition Bureau and an acquisition of a target company in a sensitive foreign investment sector. She has been teaching the M&A corporate/securities law course at the University of Calgary Faculty of Law since 2017.
Capital Power Corporation completed its acquisition of Goreway Power Station Holdings Inc., which owns the Goreway Power Station, from JERA Co., Inc. (JERA) and Toyota Tsusho Corporation for a total of $977 million.
Canadian Utilities Limited, an ATCO company, completed the sale of its entire Canadian fossil fuel-based electricity generation portfolio for, in aggregate, approximately $835 million.
On April 2, 2019, ZCL Composites Inc. (TSX: ZCL) and Shawcor Ltd. (TSX: SCL) completed its $312 million statutory plan of arrangement under the Canada Business Corporations Act whereby Shawcor Ltd. acquired all the issued and outstanding common shares of ZCL Composites Inc. for $10.00 per common share payable in cash.
On December 14, 2018, International Petroleum Corporation (IPC) completed its acquisition of BlackPearl Resources Inc. (BlackPearl) by way of a share exchange pursuant to a plan of arrangement under the Canada Business Corporations Act with a value of approximately C$675 million.
NEP Canada Corp., a wholly owned subsidiary of Newton Energy Partners LLC of Houston and a portfolio company of Kayne Anderson Funds, indirectly sold all of the outstanding shares in NEP Canada ULC, its Canadian exploration and production operating subsidiary, to Aspenleaf Energy Ltd.
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.
TriWest Capital Partners invested in Lithion Power Group (fka HPC Energy Services) in partnership with various members of senior management and existing shareholders. The financial terms of the transaction were not disclosed.
On October 17, 2017, Coeur Mining, Inc. (Coeur), a public gold and silver company listed on the New York Stock Exchange acquired all of the outstanding shares of JDS Silver Holdings Ltd. (JDS Silver), a private British Columbia silver mining company, for aggregate consideration of up to US$250 million pursuant to a plan of arrangement.
On May 31, 2017, Canadian Natural Resources Ltd. (Canadian Natural) completed two previously announced agreements to acquire oil sands assets from Shell Canada Energy, Shell Canada Ltd. and Shell Canada Resources (Shell) and, with a subsidiary of Shell, to jointly acquire Marathon Oil Canada Corp. (MOCC).
On May 11, 2017, companies controlled by Waterous Energy Fund (“WEF”) acquired approximately 67 per cent of the issued and outstanding common shares of Northern Blizzard Resources Inc. (“Northern Blizzard”) from affiliates of Riverstone Holdings, LLC (“Riverstone”), and NGP Energy Capital Management, LLC (“NGP”) in a transaction valued at approximately $244 million.
Total Energy Services Inc. (“Total”), a diversified oilfield services company based in Calgary, commenced an offer (the “Offer”) to purchase all of the outstanding common shares (“Savanna Shares”) of another Calgary-based oilfield services company, Savanna Energy Services Corp.(“Savanna”), by way of an unsolicited takeover bid on December 9, 2016.
On January 31, 2017, Statoil Canada Ltd. completed the sale of its Alberta oil sands assets to Athabasca Oil Corporation for total consideration of $582 million. The consideration consisted of approximately $435 million in cash, 100 million common shares and contingent value payments triggered at oil prices above US$65/bbl WTI.
On June 1, 2016, pursuant to an agreement and plan of merger dated January 18, 2016, (the “Merger Agreement”) between Waste Connections, Inc. (formerly known as Progressive Waste Solutions Ltd. (“Progressive Waste”)), Water Merger Sub LLC (“Merger Sub”) and Waste Connections US, Inc. (formerly known as Waste Connections, Inc.) (“Old Waste Connections”), Merger Sub merged with and into Old Waste Connections (the “Merger”), with Old Waste Connections surviving the Merger as a wholly owned subsidiary of Progressive Waste.
On June 24, 2016, Teine Energy Ltd., a private Calgary-based exploration, development and production company focused on acquiring and developing oil and natural gas properties in the Western Canadian Sedimentary Basin, completed its $975 million asset acquisition of Viking light oil and heavy oil properties located in South Western Saskatchewan from Penn West Petroleum Ltd
On May 13, 2016, Athabasca Oil Corporation (Athabasca) and Murphy Oil Company Ltd. (Murphy), completed the previously announced light oil joint venture to develop Duvernay and Montney plays in the Kaybob area of northwestern Alberta for approximately $486 million.
On April 20, 2016, Paramount Resources (Paramount) completed the sale of sour gas processing assets in north western Alberta to Pembina Gas Services Limited Partnership, an indirect wholly owned subsidiary of Pembina Pipeline Corporation (Pembina) for cash and other considerations.
Parkland Fuel Corporation, one of North America’s fastest growing distributors and marketers of fuel and lubricants, completed its acquisition of the assets of fellow retail fuel marketer, Pioneer Energy LP on June 25, 2015.
On March 31, 2015, Encana Corporation, and its affiliate, Cutbank Ridge Partnership (CRP), a partnership between Encana and a subsidiary of Mitsubishi Corporation, completed the sale of natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership, 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. The aggregate purchase price of the acquisition was approximately $760 million.
On February 27, 2015, Calgary-based Newalta Corporation (Newalta) completed the sale of its Industrial Division to Revolution Acquisition LP (Revolution), a subsidiary of Toronto-based Birch Hill Equity Partners Management Inc. (Birch Hill), for cash proceeds of $300 million. The Industrial Division is comprised of several business streams including major facilities and assets located across Canada. The sale creates a new stand-alone company, Terrapure Environmental, which has its headquarters in Burlington, Ontario.
TriWest Capital Partners and Alberta Teachers’ Retirement Fund completed their acquisition of a majority interest in NCSG Crane & Heavy Haul Corporation (“NCSG”) from existing shareholders on August 25, 2014. NCSG is one of the largest providers of fully operated and maintained crane and heavy haul services in North America.
