Acquisition: Diversified Energy Company plc
The acquisition represents a continuation of the DEC’s successful multi-year track record of strategic asset purchases. The acquisition is expected to provide robust cash flows for DEC with an anticipated adjusted EBITDA of the Oaktree Assets, totalling $126 million for the year ending 31 December 2024.
The acquisition is financed through a combination of DEC taking on $120 million of existing debt in the Oaktree Assets, deferred consideration of $83 million and the expanded liquidity facilities of the company.
Crowe’s role and team
Crowe acted as reporting accountant on the transaction. Our capital markets team was led by Paul Blythe, supported by Ferdia McCarville and Monty Cann.
Client quote
“Once again the team at Crowe provided effective support and delivered their work to a tight deadline, enabling us to complete the acquisition as planned.”
Brad Gray, President and Chief Financial Officer, Diversified Energy Company plc
