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Calfrac Well Services Ltd Announces Closing Of Acquisition Of Mission Well Services, LLC


Thursday, 3 Oct 2013 08:01am EDT 

Calfrac Well Services Ltd announced that it has completed the previously announced acquisition of all of the operating assets of Mission Well Services, LLC (Mission), a privately-held hydraulic fracturing and coiled tubing services provider focused in the Eagle Ford shale region of Texas (the Mission Asset Acquisition). Under the terms of the asset purchase agreement in connection with the Mission Asset Acquisition, the total purchase price was approximately USD147 million, which included certain working capital associated with the ongoing operations of the business. The purchase price is subject to certain post-closing adjustments related to inventory verifications and equipment inspections. Peters & Co. Limited and RBC Capital Markets LLC acted as joint financial advisors to Calfrac in connection with the acquisition. 

Company Quote

13.87
-0.53 -3.68%
4:00pm EDT