ALDERSYDE, Alta. — Mullen Transportation has purchased Lloydminster-based Kam’s Oilfield Hauling, further expanding the company’s oilfield fleet.
The deal is expected to close Oct. 1 and will include all Kam’s assets and business.
Kam’s specializes in rig moving and oilfield-related services in northeastern Alberta. The acquisition includes 40 specialized oilfield power units, more than 100 trailers and a rental business operated by Kam’s. Also included are 50 well-site units, 35 mud tanks and three 20-man camp units.
"Kam’s has been servicing the heavy oil industry for a number of years and is now recognized as one of the largest oilfield services companies in the Lloydminster area," says Murray Mullen, president and chief executive officer of Mullen Transportation. "This acquisition provides Mullen with an immediate market presence which we expect to leverage with out existing customer relationships."
The acquisition is expected to add more than $15 million in annual revenue to Mullen’s operations.
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