The Online Investor
Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Wed., Sep. 23, 6:58 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #4. Petrowest Corporation Enviro-Mulch Land Clearing Solutions

Acquirer: Petrowest Corporation (PRW.CA)
Acquiree: Enviro-Mulch Land Clearing Solutions
Details: Petrowest Corporation ("Petrowest") (PRW: TMX) announced today that it has entered into a binding agreement to purchase all the shares of Enviro-Mulch Land Clearing Solutions Ltd. for the purchase price of $6.36 million plus the assumption of approximately $2.3 million of debt. Subsequent to closing, approximately $0.8 million of this assumed debt will be converted to an operating lease. The purchase price is to be paid with approximately $3.64 million in cash and the issuance of approximately 2.87 million Class A common shares of Petrowest having a value of approximately $2.73 million (based on a price per share of $0.95). Closing is expected to occur on or about May 12, 2014, subject to customary closing conditions.

Petrowest Energy Services Trust is an open-ended unincorporated mutual fund trust. The trust is engaged in providing pre-drilling and post-completion oilfield services to the northern region of the Western Canadian Sedimentary Basin as well as industrial and civil infrastructure projects, gravel crushing and hauling for non-energy sector customers. Co. operates in 4 segments: road and lease construction, transportation and hauling, civil services, and heavy equipment rentals.

Open the PRW.CA Page at The Online Investor »

Company Name: 
Petrowest Corp
Website: 
www.petro-west.com
Sector: 
Oil & Gas Equipment & Services
 

Open the PRW.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes


Oil & Gas Equipment & Services M&A - Slide 4 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.