One-Page Deal Sheet
STEP Energy Acquires Sanjel's Canadian Pressure Pumping Fleet
ARC Financial Corp, Step Energy Services Ltd Sanjel Corporation
Announced Date
April 05,2016
Close Date
June 02,2016
Transaction Type
Asset
Location
Region
North America,Canada
Country
Canada
Transaction Details: Require Private Equity Subscription
Closing Announcement - June 2, 2016
Sanjel Corporation announces the closing of the previously disclosed sale of its fracturing, coiled tubing and cementing businesses in Canada. The Company wishes to thank its dedicated team of employees and its loyal customers for supporting Sanjel's business over the last 34 years and more recently through this transition period. Although this has been a very difficult period in the well service industry, Sanjel understands that a significant number of former employees of the Company have been offered employment opportunities by the purchasers in…
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