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C&J Sells Entire Canadian Business Unit for C$37.5MM

Announced Date
October 30,2017
Deal Value $
37,500,000
Transaction Type
Asset
Buyer
Seller
Source Documents:
   Source Link
Location
Region
Canada

Country
Canada


Transaction Details: 

C&J Energy Services has agreed to sell its entire Canadian business unit to CWC Energy Services Corp. for C$37.5 million in cash.

This comes shortly after C&J struck a deal to acquire PE-backed O-Tex Pumping for $242 million.

The transaction includes the Company's Canadian fleet of 75 workover rigs, 13 swabbing rigs and the real estate associated with six operating facilities throughout Western Canada.



Announced DateBuyerSellerDeal Value($mm)LocationCategory
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