Wavefront Energy and Environmental Services Inc., Edmonton, Alberta, (Toronto Venture: WEE; Pink Sheets: WEESF) has acquired privately held, Alberta-based Predator Pumps Ltd. for C$750,000.
Predator was founded in 2008 and provides oil service in the heavy oil industry, operating in western Canada. Predator’s assets are complementary products to Wavefront Sand Pumps and Rentals Ltd., specifically the sand pumps and wellbore-cleaning equipment.
Wavefront president and chief executive Brett Davidson says, “In a brief period Predator has built a sound reputation with a noteworthy client base. Management believes the integration of Predator into Wavefront Sand Pumps will better serve current clients and create new opportunities for growth as we position the combined companies to be a premier supplier for sand pumps, wellbore cleaning equipment and wellbore stimulation using Powerwave.”
Predator president Duwayne Springer says, “Joining the Wavefront brand will allow the combined companies of Wavefront Sand Pumps and Predator to capture further market share and open new opportunity beyond the heavy oil market.”
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