Posted under Venture Capital
from http://www.pehub.com 1582 days ago

PLH Group Inc., which is backed by U.S. private equity firm Energy Capital Partners, has acquired Pipeworx Ltd. and its subsidiaries. Financial terms of the transaction were not announced. The Acheson, Alberta-based Pipeworx, founded in 2004, delivers infrastructure services to the oil and gas industry across the Western Canadian Sedimentary Basin.

PRESS RELEASE

PLH Group, Inc. (“PLH”), a portfolio company of private equity firm Energy Capital Partners, today announced its acquisition of Pipeworx Ltd. (“Pipeworx”), a leading pipeline contractor in Western Canada.

Effective April 16, 2013, PLH has acquired Pipeworx and its subsidiaries. With four offices and headquarters in the Edmonton, Alberta area, Pipeworx delivers infrastructure services to the oil and gas industry across the Western Canadian Sedimentary Basin. Since its founding in 2004, Pipeworx has been committed to the successful completion of its projects – safely performing quality workmanship on time and within budget. Specializing in the construction of ...

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