Posted under Venture Capital
from http://www.pehub.com 772 days ago

Seattle-based Westward Partners has bought a majority interest in Alberta-based DLM Oilfield Enterprises Ltd. Terms were not released. DLM provides maintenance services to cold oil and SAGD production facilities throughout Northeast Alberta.

PRESS RELEASE

Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses is pleased to announce a majority interest acquisition of its client, DLM Oilfield Enterprises Ltd. (DLM), headquartered in Bonnyville, Alberta, by Westward Partners, LLC, headquartered in Seattle, Washington. The transaction closed on April 17, 2012.

 

Founded in 2012 by long-time oilfield entrepreneur Dave Petry, DLM provides maintenance services to cold oil and SAGD production facilities throughout Northeast Alberta. The Company utilizes its large fleet of flush-by trucks, pressure trucks, and vacuum trucks and an experienced base of operators to service some of the largest oil companies in Alberta. The Company maintains over 40 pieces of heavy equipment including pressure trucks, body-job vacuum trucks, flush-by ...

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