COMPETITION WATCH: Producers Oilfield Services acquires Formula Transport
CALGARY, Alta. — Producers Oilfield Services Inc. recently announced it has successfully closed the acquisition of Formula Transport Ltd.
The financing for this acquisition was provided by Producers lender and by Producers issuing secured, subordinated Debentures with attached Warrants to the vendor of Formula and pursuant to a private placement.
“Formula is a great acquisition for Producers because it instantly expands our oilfield service presence and brings with it an exceptional entrepreneur in Ric Peterson,” stated Mr. Murray Mullen, Chairman of the Board.
For more information contact, Murray Mullen, Chairman at (403) 652-8888 or visit www.producersoilfield.com
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