COMPETITION WATCH: Producers completes Neil Withers Trucking acquisition

Avatar photo

CALGARY, Alta. — Producers Oilfield Services has announced it has completed its acquisition of Neil Withers Trucking.

The company was bought for about $13.6 million in cash and the issuance of 1,000,000 common shares of Producers Oilfield Services – a division of Mullen Transportation.

Neil Withers Trucking is a Grande Prairie, Alta.-based carrier servicing the oilfields.

“This acquisition strengthens our ability to provide ‘One Stop Shopping’ to our oil and gas customers. NWT brings its own customer base in this sector which will allow us to expand this service throughout our trucking network,” said Ric Peterson, president and chief executive officer.

Neil Withers will serve as president of the company.

“Mr. Withers founded NWT and his experience will be invaluable as we continue to grow this sector,” added Peterson.

Avatar photo

Truck News is Canada's leading trucking newspaper - news and information for trucking companies, owner/operators, truck drivers and logistics professionals working in the Canadian trucking industry.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.