Phoenix Oilfield has Ability in oil services biz
NISKU, Alta — Phoenix Oilfield Hauling is quickly becoming a growing player in Northern Alberta’s energy sector.
The company has acquired all of the operating assets of Ability Hauling — a privately owned Calgary company that specializes in the transportation of products, materials, supplies, and equipment required for the exploration, development and production of petroleum resources.
The acquisition, for about $10.98 million, is an arms-length transaction.
“Ability is a first class operation, well regarded by its customers, and represents an attractive point to expand our heavy-haul capabilities,” said Leo Provencher, president of Phoenix.
The operations of Phoenix and Ability will result in the combined business operating a fleet of approximately 65 trucks working out of field locations in Devon, Nisku, Calgary and Grande Prairie.
The acquisition of Ability further increases Phoenix’s fleet and expands the company’s operating footprint, the company says.
Ability’s founder, Courtney Gillis, will remain with the company focusing principally on developing the company’s business.
This past summer Phoenix acquired Robin’s Oilfield Hauling and Hot Shot Service for $21.8 million.
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