One-Page Deal Sheet
Canyon Services Group to Acquire Private Fluid Hauling Company
Canyon Services Group Inc. Not Disclosed
Announced Date
September 11,2015
Transaction Type
Corporate
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Canyon Services Group Inc. has announced that it has agreed to acquire, through its wholly owned subsidiary Fraction Energy Services Ltd., all of the assets of a private oilfield fluid hauling business located in Grande Prairie, Alberta.
These Assets have been operating in the Grande Prairie area since 2005 and come with a dedicated client list and a committed group of employees and will enhance Fraction's existing fluid storage, transfer and logistics services. Total consideration paid for the Acquisition will be $8.5 million cash plus $1.0 million in Canyon common shares.
In addition, the…
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