In July, 2017, Grande Prairie, Alberta based Arctic Crane Services Ltd. was acquired by WTS Rentals, a Division of Centurion Group, a portfolio company private equity group, SCF Partners.
Arctic Crane is a leading Western Canadian provider of mobile crane and picker services to the upstream and midstream energy segments.
Stormont acted as the exclusive financial advisor to the seller and its shareholders, performing the following:
This transaction provided the selling shareholders with a liquidity event as well as a financial partner to support the company’s future growth plans. Through this acquisition the private equity buyer gained a significant foothold in the Canadian energy crane services market as well as an operating partner for their portfolio company’s other lines of business.
