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Slide #44. Enterprise Group, Inc. — Hart Oilfield Rentals Ltd.
Enterprise Group, Inc. (TSE:E.CA)
Hart Oilfield Rentals Ltd.
Enterprise Group, Inc. ("Enterprise," or the "Company") (TSX:E) is pleased to announce that it has entered into an agreement (the "Acquisition Agreement") to acquire Hart Oilfield Rentals Ltd. ("Hart"), one of Western Canada's most highly regarded oilfield service providers, for a purchase price of $22.6 million, which includes $2.0 million of working capital (the "Acquisition"). The purchase price will be satisfied through a combination of $1.0 million of common shares ("Common Shares") of Enterprise and $21.6 million in cash.
Enterprise Group is a consolidator of businesses providing services to the utility, energy and construction industries. Co. has a fleet of trucks and heavy equipment to provide tunnelling services and rent heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.
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